Anchor Investment Management LLC Sells 1,095 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Anchor Investment Management LLC decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 31.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,418 shares of the company’s stock after selling 1,095 shares during the period. Anchor Investment Management LLC’s holdings in Dollar Tree were worth $258,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Strategic Financial Concepts LLC purchased a new position in Dollar Tree during the 2nd quarter valued at about $26,000. Register Financial Advisors LLC purchased a new position in Dollar Tree during the 1st quarter valued at about $28,000. Mather Group LLC. lifted its position in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar Tree during the 2nd quarter valued at about $37,000. Finally, Blue Trust Inc. lifted its position in Dollar Tree by 174.5% during the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 274 shares during the period. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost 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 in the company, valued at $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. StockNews.com cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Piper Sandler decreased their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Melius Research initiated coverage on shares of Dollar Tree in a report on Monday, September 23rd. They issued a “hold” rating and a $70.00 target price for the company. Finally, Telsey Advisory Group decreased their target price on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has an average rating of “Hold” and a consensus target price of $90.68.

Dollar Tree Stock Up 2.6 %

Shares of NASDAQ:DLTR opened at $70.90 on Friday. The company has a market cap of $15.24 billion, a price-to-earnings ratio of -15.45, a PEG ratio of 3.04 and a beta of 0.86. Dollar Tree, Inc. has a 12 month low of $60.81 and a 12 month high of $151.21. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $83.88 and a 200 day moving average price of $105.06.

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 company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. Dollar Tree’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. As a group, equities research analysts predict 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.