Atria Investments Inc Boosts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Atria Investments Inc boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 16.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,927 shares of the company’s stock after purchasing an additional 2,244 shares during the period. Atria Investments Inc’s holdings in Dollar Tree were worth $1,120,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new position in shares of Dollar Tree in the 2nd quarter worth about $26,000. Mather Group LLC. lifted its position in shares of Dollar Tree by 198.9% in 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 stake in Dollar Tree in the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar Tree in the 2nd quarter valued at about $37,000. Finally, Blue Trust Inc. lifted 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 last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective on the stock. Citigroup cut their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Truist Financial cut their price objective on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Evercore ISI dropped their price target on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Finally, Melius Research initiated coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price target on the stock. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.11.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of Dollar Tree stock in a transaction that occurred 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 of the company’s stock, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Price Performance

DLTR stock opened at $64.20 on Friday. The firm’s 50-day moving average price is $67.95 and its two-hundred day moving average price is $92.36. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of -13.16, a PEG ratio of 2.75 and a beta of 0.87. 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 (NASDAQ:DLTR) last released its quarterly earnings data 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 positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. Dollar Tree’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts predict that Dollar Tree, Inc. will post 5.34 earnings per share for the current year.

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.