IFM Investors Pty Ltd Lowers Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

IFM Investors Pty Ltd trimmed its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,908 shares of the company’s stock after selling 632 shares during the period. IFM Investors Pty Ltd’s holdings in Dollar Tree were worth $2,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC boosted its position in Dollar Tree by 4.9% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock valued at $264,000 after buying an additional 93 shares during the period. Salomon & Ludwin LLC lifted its position in shares of Dollar Tree by 27.0% in the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock worth $66,000 after purchasing an additional 105 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Dollar Tree by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of Dollar Tree by 2.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 5,650 shares of the company’s stock worth $603,000 after purchasing an additional 116 shares during the period. Finally, Raymond James Trust N.A. lifted its position in shares of Dollar Tree by 2.5% in the 2nd quarter. Raymond James Trust N.A. now owns 4,996 shares of the company’s stock worth $533,000 after purchasing an additional 124 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Daniel J. Heinrich purchased 2,200 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DLTR shares. Guggenheim lowered their price target on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Wells Fargo & Company lowered their price target on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. BMO Capital Markets cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $130.00 to $68.00 in a research report on Thursday, September 5th. Sanford C. Bernstein began 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 target for the company. Finally, Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.53.

Dollar Tree Stock Down 0.7 %

NASDAQ:DLTR opened at $66.45 on Monday. The firm has a market capitalization of $14.28 billion, a P/E ratio of -14.48, a PEG ratio of 2.95 and a beta of 0.86. Dollar Tree, Inc. has a 1-year low of $60.81 and a 1-year high of $151.21. The company’s fifty day moving average price is $74.96 and its 200-day moving average price is $98.14. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share 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 business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 5.33 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.