Vontobel Holding Ltd. Raises Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Vontobel Holding Ltd. raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 50.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,972 shares of the company’s stock after buying an additional 3,023 shares during the quarter. Vontobel Holding Ltd.’s holdings in Dollar Tree were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Mount Yale Investment Advisors LLC grew its holdings in shares of Dollar Tree by 4.9% during the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after purchasing an additional 93 shares in the last quarter. Salomon & Ludwin LLC grew its stake in Dollar Tree by 27.0% in the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock worth $66,000 after buying an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Dollar Tree by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after buying an additional 110 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Dollar Tree by 2.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 5,650 shares of the company’s stock valued at $603,000 after buying an additional 116 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of Dollar Tree by 2.5% during the 2nd quarter. Raymond James Trust N.A. now owns 4,996 shares of the company’s stock worth $533,000 after acquiring an additional 124 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Trading Down 1.3 %

DLTR opened at $67.31 on Tuesday. Dollar Tree, Inc. has a one year low of $60.81 and a one 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 simple moving average of $77.24 and a two-hundred day simple moving average of $99.89. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of -14.66, a PEG ratio of 2.95 and a beta of 0.86.

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 for 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%. Dollar Tree’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. Analysts predict that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Insider Transactions at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The shares were bought 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 of the company’s stock, valued at $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented 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 research note on Thursday, September 5th. Piper Sandler reduced their price objective 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. Wells Fargo & Company dropped their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. StockNews.com cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Finally, KeyCorp lowered their price objective on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.00.

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.