Park Avenue Securities LLC Purchases 1,447 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Park Avenue Securities LLC lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,458 shares of the company’s stock after acquiring an additional 1,447 shares during the quarter. Park Avenue Securities LLC’s holdings in Dollar Tree were worth $1,157,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Stephens Inc. AR raised its position in shares of Dollar Tree by 11.0% in the fourth quarter. Stephens Inc. AR now owns 5,807 shares of the company’s stock valued at $825,000 after purchasing an additional 577 shares during the period. Envestnet Asset Management Inc. raised its holdings in Dollar Tree by 31.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 445,736 shares of the company’s stock valued at $63,317,000 after acquiring an additional 107,075 shares during the period. Elo Mutual Pension Insurance Co lifted its position in shares of Dollar Tree by 4.5% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 18,320 shares of the company’s stock worth $2,602,000 after acquiring an additional 797 shares in the last quarter. Point72 Europe London LLP bought a new position in shares of Dollar Tree in the fourth quarter worth $575,000. Finally, Bridgefront Capital LLC grew its position in shares of Dollar Tree by 62.5% in the fourth quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock valued at $699,000 after purchasing an additional 1,892 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 0.0 %

Shares of DLTR opened at $69.48 on Wednesday. Dollar Tree, Inc. has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The firm has a market cap of $14.93 billion, a price-to-earnings ratio of -15.17, a PEG ratio of 3.04 and a beta of 0.86. The firm has a 50 day moving average price of $83.19 and a 200-day moving average price of $104.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Piper Sandler dropped their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Citigroup lowered their price target on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. UBS Group cut their price objective on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Guggenheim decreased their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price target for the company from $130.00 to $68.00 in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $90.68.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich bought 2,200 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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.