NBC Securities Inc. Buys 1,214 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

NBC Securities Inc. grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 82.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,688 shares of the company’s stock after acquiring an additional 1,214 shares during the quarter. NBC Securities Inc.’s holdings in Dollar Tree were worth $189,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. National Bank of Canada FI lifted its position in Dollar Tree by 223.4% during the first quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock worth $188,379,000 after purchasing an additional 977,313 shares during the period. Primecap Management Co. CA lifted its holdings in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after acquiring an additional 957,275 shares during the period. Renaissance Technologies LLC boosted its position in shares of Dollar Tree by 488.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock worth $111,531,000 after acquiring an additional 867,054 shares in the last quarter. Mizuho Markets Americas LLC bought a new position in Dollar Tree in the first quarter valued at approximately $99,862,000. Finally, Natixis acquired a new position in Dollar Tree during the first quarter valued at approximately $97,439,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DLTR. Morgan Stanley reduced their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Melius Research assumed coverage on Dollar Tree in a research report on Monday, September 23rd. They issued a “hold” rating and a $70.00 target price on the stock. Citigroup dropped their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Truist Financial decreased their price target on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, The Goldman Sachs Group dropped their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $88.00.

Dollar Tree Price Performance

Shares of DLTR opened at $68.20 on Friday. The business has a 50-day moving average of $77.77 and a 200-day moving average of $100.57. 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 company has a market capitalization of $14.66 billion, a price-to-earnings ratio of -14.86, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86. Dollar Tree, Inc. has a 1 year low of $60.81 and a 1 year high of $151.21.

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

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.