Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by SouthState Corp

SouthState Corp lowered its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,475 shares of the company’s stock after selling 278 shares during the quarter. SouthState Corp’s holdings in Dollar Tree were worth $264,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its stake in shares of Dollar Tree by 6.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,987 shares of the company’s stock valued at $282,000 after buying an additional 123 shares during the last quarter. M&T Bank Corp boosted its position in Dollar Tree by 7.5% in the 4th quarter. M&T Bank Corp now owns 12,010 shares of the company’s stock worth $1,706,000 after purchasing an additional 838 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Dollar Tree by 15.3% during the 4th quarter. Metis Global Partners LLC now owns 8,827 shares of the company’s stock worth $1,254,000 after purchasing an additional 1,172 shares during the period. Private Advisor Group LLC grew its stake in shares of Dollar Tree by 29.6% during the 4th quarter. Private Advisor Group LLC now owns 7,780 shares of the company’s stock worth $1,079,000 after purchasing an additional 1,775 shares during the period. Finally, Apollon Wealth Management LLC increased its holdings in shares of Dollar Tree by 15.5% during the 4th quarter. Apollon Wealth Management LLC now owns 3,711 shares of the company’s stock valued at $527,000 after purchasing an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on DLTR shares. Telsey Advisory Group lowered their price target on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday. Loop Capital cut Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Thursday. KeyCorp reduced their price target on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday. BMO Capital Markets lowered Dollar Tree from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $130.00 to $68.00 in a report on Thursday. Finally, Barclays reduced their target price on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has a consensus rating of “Hold” and an average price target of $97.63.

Dollar Tree Stock Performance

DLTR opened at $68.47 on Friday. Dollar Tree, Inc. has a twelve month low of $60.81 and a twelve month high of $151.21. The firm has a market capitalization of $14.72 billion, a PE ratio of -14.92, a PEG ratio of 0.93 and a beta of 0.87. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $98.65 and its 200 day moving average price is $115.69.

Dollar Tree (NASDAQ:DLTR) last issued its 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 15.67% and a negative net margin of 3.23%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Dollar Tree, Inc. will post 6.46 EPS for the current fiscal 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.