Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 46.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,925 shares of the company’s stock after selling 98,143 shares during the period. Ensign Peak Advisors Inc owned 0.05% of Dollar Tree worth $11,950,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC lifted its holdings in Dollar Tree by 140.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 10,443 shares of the company’s stock worth $1,115,000 after buying an additional 6,091 shares in the last quarter. Sei Investments Co. boosted its stake 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 purchasing an additional 7,827 shares during the period. Pacer Advisors Inc. raised its stake in 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 last quarter. Intech Investment Management LLC raised its position in Dollar Tree by 565.9% during the 2nd quarter. Intech Investment Management LLC now owns 152,630 shares of the company’s stock worth $16,296,000 after buying an additional 129,708 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Dollar Tree in the second quarter valued at approximately $354,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 0.0 %

NASDAQ DLTR opened at $71.76 on Tuesday. The stock has a market cap of $15.42 billion, a PE ratio of -15.63, a P/E/G ratio of 2.82 and a beta of 0.87. The business has a 50 day moving average price of $90.08 and a two-hundred day moving average price of $108.77. 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, Inc. has a fifty-two week low of $60.81 and a fifty-two week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data 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 business had revenue of $7.37 billion for the quarter, compared to analyst estimates 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 for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Melius Research assumed coverage on shares of Dollar Tree in a report on Monday. They issued a “hold” rating and a $70.00 price target on the stock. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Thursday, September 5th. Evercore ISI lowered their price objective on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. Finally, Morgan Stanley cut their price objective on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.40.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.80% of the stock is owned by corporate insiders.

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.