Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,968 shares of the company’s stock after selling 4,032 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.09% of Dollar Tree worth $13,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DLTR. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree in the 2nd quarter valued at $26,000. Mather Group LLC. raised its position in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares during the period. Eastern Bank acquired a new position in Dollar Tree during the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar Tree during the second quarter worth $37,000. Finally, First Horizon Advisors Inc. raised its position in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Melius Research assumed coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective for the company. Evercore ISI reduced their price objective on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Telsey Advisory Group cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $95.00 to $75.00 in a research report on Tuesday, November 5th. Truist Financial dropped their target price on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Piper Sandler dropped their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.95.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This represents a 28.86 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Dollar Tree Trading Down 0.3 %

Shares of DLTR opened at $71.27 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The firm has a 50-day moving average price of $67.47 and a 200 day moving average price of $88.32. The firm has a market capitalization of $15.32 billion, a P/E ratio of -14.60, a P/E/G ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the previous year, the company earned $0.91 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Dollar Tree 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.