Allspring Global Investments Holdings LLC cut its position in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,196 shares of the company’s stock after selling 342 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dollar Tree were worth $1,358,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in DLTR. O Shaughnessy Asset Management LLC lifted its stake in shares of Dollar Tree by 28.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,794 shares of the company’s stock worth $297,000 after buying an additional 620 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Dollar Tree in the 3rd quarter worth approximately $3,292,000. Ameriprise Financial Inc. lifted its position in shares of Dollar Tree by 139.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock worth $134,202,000 after purchasing an additional 734,229 shares during the period. Scotia Capital Inc. lifted its position in shares of Dollar Tree by 479.8% during the 3rd quarter. Scotia Capital Inc. now owns 18,762 shares of the company’s stock valued at $1,998,000 after acquiring an additional 15,526 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in Dollar Tree by 5.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 80,554 shares of the company’s stock valued at $8,574,000 after purchasing an additional 4,025 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.
Insider Buying and Selling at Dollar Tree
In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.80% of the company’s stock.
Dollar Tree Stock Performance
Shares of Dollar Tree stock opened at $106.68 on Friday. Dollar Tree, Inc. has a one year low of $101.85 and a one year high of $154.96. The company has a market cap of $22.93 billion, a price-to-earnings ratio of -23.24, a PEG ratio of 1.14 and a beta of 0.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The business’s 50 day moving average price is $113.23 and its 200 day moving average price is $127.69.
Dollar Tree (NASDAQ:DLTR – Get Free Report) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting analysts’ consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.63 billion. During the same quarter last year, the business posted $1.47 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, research analysts predict that Dollar Tree, Inc. will post 6.63 EPS for the current year.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. KeyCorp upgraded shares of Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 target price for the company in a research note on Wednesday, May 1st. Jefferies Financial Group reduced their price target on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Loop Capital lowered their price objective on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Finally, BMO Capital Markets reduced their price objective on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Dollar Tree presently has an average rating of “Moderate Buy” and an average price target of $142.45.
Check Out Our Latest Stock Report on Dollar Tree
About Dollar Tree
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.
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