Raymond James & Associates Acquires 138,415 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Raymond James & Associates lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 80.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 310,084 shares of the company’s stock after buying an additional 138,415 shares during the quarter. Raymond James & Associates’ holdings in Dollar Tree were worth $21,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Register Financial Advisors LLC bought a new position in Dollar Tree in the first quarter worth approximately $28,000. Mather Group LLC. raised its position in shares of 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 purchasing an additional 187 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar Tree in the 2nd quarter worth $37,000. Blue Trust Inc. grew its position in Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Dollar Tree by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich bought 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.80% of the company’s stock.

Dollar Tree Trading Down 0.7 %

Shares of DLTR opened at $66.45 on Friday. The firm has a market cap of $14.28 billion, a P/E ratio of -14.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86. Dollar Tree, Inc. has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The business has a 50-day moving average of $75.60 and a 200 day moving average of $98.99.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DLTR. Barclays dropped their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley dropped their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Telsey Advisory Group decreased their price objective on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Guggenheim lowered their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, Piper Sandler cut their target price on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Dollar Tree has an average rating of “Hold” and a consensus target price of $88.53.

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.