Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC trimmed its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 28.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,553 shares of the company’s stock after selling 2,553 shares during the quarter. Metis Global Partners LLC’s holdings in Dollar Tree were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Empower Advisory Group LLC increased its position in shares of Dollar Tree by 41.3% in the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after acquiring an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after buying an additional 1,797 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Dollar Tree during the 2nd quarter worth $779,000. Raymond James & Associates raised its holdings 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. Finally, Forsta AP Fonden lifted its holdings in Dollar Tree by 174.7% in the 3rd quarter. Forsta AP Fonden now owns 98,600 shares of the company’s stock worth $6,934,000 after purchasing an additional 62,700 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Up 3.6 %

DLTR stock opened at $66.53 on Tuesday. The firm has a market capitalization of $14.30 billion, a PE ratio of -13.63, a P/E/G ratio of 2.71 and a beta of 0.87. The stock’s 50 day moving average is $67.93 and its 200-day moving average is $91.62. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter last year, the business posted $0.91 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DLTR. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. BMO Capital Markets lowered their target price on shares of Dollar Tree from $68.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday. Piper Sandler dropped their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Telsey Advisory Group downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $95.00 to $75.00 in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $87.95.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is currently owned by insiders.

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.