Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,367 shares of the company’s stock after purchasing an additional 455 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Dollar Tree were worth $2,068,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new position in shares of Dollar Tree during the 4th quarter worth approximately $26,000. Strategic Financial Concepts LLC acquired a new position in Dollar Tree during the second quarter worth $26,000. United Community Bank acquired a new position in Dollar Tree during the fourth quarter worth $27,000. Register Financial Advisors LLC purchased a new position in Dollar Tree during the first quarter valued at $28,000. Finally, Mather Group LLC. grew its position in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 2.4 %

Shares of NASDAQ:DLTR opened at $73.88 on Friday. The company has a market capitalization of $15.88 billion, a price-to-earnings ratio of -16.10, a PEG ratio of 2.82 and a beta of 0.87. Dollar Tree, Inc. has a 12-month low of $60.81 and a 12-month high of $151.21. The business has a 50-day moving average price of $91.43 and a 200 day moving average price of $110.39. 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 announced its quarterly earnings results 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 negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. Dollar Tree’s revenue was up .7% on a year-over-year basis. Sell-side analysts expect that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares in the company, valued at $670,616.21. The disclosure for this purchase can be found here. 6.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DLTR. Morgan Stanley reduced their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Loop Capital downgraded Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Thursday, September 5th. The Goldman Sachs Group dropped their price target on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Piper Sandler decreased their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Citigroup lowered their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Dollar Tree currently has a consensus rating of “Hold” and an average target price of $92.53.

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.