Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by S.A. Mason LLC

by · The Cerbat Gem

S.A. Mason LLC lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 13.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,406 shares of the company’s stock after selling 385 shares during the period. S.A. Mason LLC’s holdings in Dollar Tree were worth $169,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DLTR. Sanctuary Advisors LLC bought a new position in Dollar Tree during the 2nd quarter valued at $779,000. Raymond James & Associates boosted its stake in Dollar Tree by 80.6% during the third quarter. Raymond James & Associates now owns 310,084 shares of the company’s stock valued at $21,805,000 after buying an additional 138,415 shares in the last quarter. Forsta AP Fonden grew its holdings in Dollar Tree by 174.7% during the third quarter. Forsta AP Fonden now owns 98,600 shares of the company’s stock worth $6,934,000 after acquiring an additional 62,700 shares during the period. Point72 Asset Management L.P. raised its position in Dollar Tree by 165.4% in the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock worth $109,803,000 after acquiring an additional 640,848 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE lifted its holdings in Dollar Tree by 74.6% in the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 24,634 shares of the company’s stock valued at $1,732,000 after acquiring an additional 10,522 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 6.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DLTR. JPMorgan Chase & Co. cut shares of Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $111.00 to $70.00 in a research note on Wednesday, September 4th. KeyCorp dropped their price target on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Sanford C. Bernstein began coverage on Dollar Tree in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective for the company. Wells Fargo & Company cut their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Finally, Telsey Advisory Group decreased their price target on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $88.53.

Read Our Latest Analysis on DLTR

Dollar Tree Stock Performance

DLTR opened at $63.31 on Thursday. The stock has a 50-day moving average of $72.84 and a 200-day moving average of $97.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree, Inc. has a 52-week low of $60.81 and a 52-week high of $151.21. The company has a market cap of $13.61 billion, a PE ratio of -12.97, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR – Get Free Report) last announced its quarterly 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). 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 for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the business earned $0.91 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

Dollar Tree Company Profile

(Free Report)

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.

See Also

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