Amalgamated Bank Reduces Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Amalgamated Bank reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 41,969 shares of the company’s stock after selling 841 shares during the period. Amalgamated Bank’s holdings in Dollar Tree were worth $4,481,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DLTR. Mount Yale Investment Advisors LLC raised its position in shares of Dollar Tree by 4.9% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after acquiring an additional 93 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Dollar Tree by 4.0% in the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock worth $335,000 after purchasing an additional 96 shares during the last quarter. Salomon & Ludwin LLC raised its position in Dollar Tree by 27.0% during the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock worth $66,000 after buying an additional 105 shares during the last quarter. Fiduciary Trust Co boosted its holdings in shares of Dollar Tree by 1.0% in the 4th quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock valued at $1,562,000 after acquiring an additional 109 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Dollar Tree by 29.3% in the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Telsey Advisory Group dropped their price target on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Truist Financial cut their target price on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Evercore ISI lowered their price objective on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Morgan Stanley decreased their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $92.53.

Insiders Place Their Bets

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

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $71.73 on Friday. The firm has a market capitalization of $15.42 billion, a P/E ratio of -15.63, a P/E/G ratio of 2.82 and a beta of 0.87. 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, Inc. has a 12 month low of $60.81 and a 12 month high of $151.21. The company’s fifty day moving average price is $90.72 and its 200 day moving average price is $109.60.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal 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.