Vanguard Personalized Indexing Management LLC Grows Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,255 shares of the company’s stock after purchasing an additional 808 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Dollar Tree were worth $1,824,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new stake in shares of Dollar Tree during the fourth quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in Dollar Tree during the 2nd quarter worth approximately $26,000. United Community Bank purchased a new position in shares of Dollar Tree in the 4th quarter valued at approximately $27,000. Register Financial Advisors LLC acquired a new position in shares of Dollar Tree in the first quarter valued at approximately $28,000. Finally, Mather Group LLC. increased its holdings 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. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Dollar Tree news, 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 value of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, 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.

Dollar Tree Trading Down 2.9 %

Shares of Dollar Tree stock opened at $71.73 on Friday. Dollar Tree, Inc. has a 1 year low of $60.81 and a 1 year high of $151.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The business has a 50 day moving average price of $90.72 and a 200 day moving average price of $109.60. The company 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.

Dollar Tree (NASDAQ:DLTR) last released 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). The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday, September 5th. Morgan Stanley reduced their price objective 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. BMO Capital Markets lowered Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $130.00 to $68.00 in a report on Thursday, September 5th. Finally, Piper Sandler reduced their price target on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. One research 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.com, Dollar Tree currently has a consensus rating of “Hold” and a consensus target price of $92.53.

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.