Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 140.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,443 shares of the company’s stock after purchasing an additional 6,091 shares during the quarter. Summit Trail Advisors LLC’s holdings in Dollar Tree were worth $1,115,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Sei Investments Co. raised its position in Dollar Tree by 4.3% during the 2nd quarter. Sei Investments Co. now owns 189,545 shares of the company’s stock worth $20,238,000 after buying an additional 7,827 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Dollar Tree by 21.5% during the 2nd quarter. Pacer Advisors Inc. now owns 29,697 shares of the company’s stock valued at $3,171,000 after acquiring an additional 5,258 shares during the period. Intech Investment Management LLC increased its position in shares of Dollar Tree by 565.9% in the second quarter. Intech Investment Management LLC now owns 152,630 shares of the company’s stock valued at $16,296,000 after buying an additional 129,708 shares in the last quarter. MQS Management LLC purchased a new stake in Dollar Tree in the 2nd quarter worth $354,000. Finally, XTX Topco Ltd raised its position in shares of Dollar Tree by 17.0% during the 2nd quarter. XTX Topco Ltd now owns 20,874 shares of the company’s stock worth $2,229,000 after purchasing an additional 3,036 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DLTR. Citigroup lowered their price target on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley lowered 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. Evercore ISI cut their price target on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating for the company in a report on Thursday, September 5th. Wells Fargo & Company lowered their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, BMO Capital Markets lowered Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $130.00 to $68.00 in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $92.53.

Dollar Tree Trading Down 2.9 %

DLTR opened at $71.73 on Friday. Dollar Tree, Inc. has a 52 week low of $60.81 and a 52 week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $90.72 and a 200-day simple moving average of $109.60. The firm has a market cap 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 posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the previous year, the business posted $0.91 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts expect that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

Insider Transactions at Dollar Tree

In related news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost 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 in the company, valued at approximately $670,616.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Heinrich bought 2,200 shares of the 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 purchase, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company’s stock.

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.