Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Oakview Capital Management L.P.

Oakview Capital Management L.P. trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 57.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,643 shares of the company’s stock after selling 34,975 shares during the quarter. Dollar Tree accounts for 8.6% of Oakview Capital Management L.P.’s holdings, making the stock its 4th biggest holding. Oakview Capital Management L.P.’s holdings in Dollar Tree were worth $2,738,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DLTR. ICA Group Wealth Management LLC bought a new position in Dollar Tree during the 4th quarter worth $26,000. United Community Bank bought a new position in shares of Dollar Tree in the fourth quarter worth $27,000. Register Financial Advisors LLC bought a new position in shares of Dollar Tree in the first quarter worth $28,000. Mather Group LLC. raised its stake in 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar Tree during the second quarter worth about $37,000. Institutional investors own 97.40% of the company’s stock.

Insider Activity

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Stock Up 0.3 %

Dollar Tree stock opened at $73.12 on Friday. The company has a market capitalization of $15.72 billion, a PE ratio of -15.93, a PEG ratio of 3.04 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 firm’s fifty day moving average is $88.03 and its 200 day moving average is $107.72. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last issued 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 firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several research analyst reports. BMO Capital Markets downgraded shares of 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 research report on Thursday, September 5th. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Piper Sandler decreased their target price on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Evercore ISI dropped their target price on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating for the company in a report on Thursday, September 5th. Finally, Guggenheim reduced their price target on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.40.

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.