Mutual of America Capital Management LLC Trims Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Mutual of America Capital Management LLC lessened its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,905 shares of the company’s stock after selling 1,253 shares during the period. Mutual of America Capital Management LLC’s holdings in Dollar Tree were worth $1,751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC purchased a new stake in Dollar Tree in the second quarter valued at approximately $26,000. Mather Group LLC. raised its holdings in shares of Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares during the period. Eastern Bank acquired a new position in Dollar Tree during the 3rd quarter worth about $34,000. 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. grew its position in Dollar Tree by 174.5% in 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 in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Up 1.0 %

Shares of Dollar Tree stock opened at $66.40 on Monday. The firm has a market cap of $14.28 billion, a price-to-earnings ratio of -13.61, a price-to-earnings-growth ratio of 2.60 and a beta of 0.87. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The company’s 50-day simple moving average is $67.75 and its 200-day simple moving average is $90.05. 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 (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion during 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%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 5.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DLTR shares. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Piper Sandler lowered their target price on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Citigroup decreased their price objective on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Loop Capital downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research note on Thursday, September 5th. Finally, Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.95.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was acquired 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 in the company, valued at $670,616.21. This represents a 28.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 6.80% of the company’s stock.

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.