23,543 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 23,543 shares of the company’s stock, valued at approximately $1,656,000.

A number of other institutional investors also recently made changes to their positions in DLTR. Strategic Financial Concepts LLC bought a new stake in shares of Dollar Tree in the 2nd quarter valued at approximately $26,000. Mather Group LLC. grew its stake in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the last quarter. Eastern Bank bought a new position in Dollar Tree during the 3rd quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree during the 2nd quarter worth $37,000. Finally, Blue Trust Inc. grew its stake in Dollar Tree by 174.5% during the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after buying an additional 274 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.80% of the company’s stock.

Dollar Tree Trading Down 0.1 %

Shares of NASDAQ DLTR opened at $66.77 on Wednesday. Dollar Tree, Inc. has a 12 month low of $60.81 and a 12 month high of $151.21. The company has a market cap of $14.35 billion, a price-to-earnings ratio of -13.68, a P/E/G ratio of 2.82 and a beta of 0.87. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $70.40 and a 200-day simple moving average of $95.23.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. Sell-side analysts predict that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DLTR. Truist Financial decreased their price target on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. KeyCorp decreased their price target on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Melius Research began coverage on Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 price target for the company. BMO Capital Markets cut Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $130.00 to $68.00 in a research note on Thursday, September 5th. Finally, Sanford C. Bernstein began coverage on Dollar Tree in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price target for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $88.11.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.