ING Groep NV Sells 120,639 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

ING Groep NV reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 74.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,028 shares of the company’s stock after selling 120,639 shares during the quarter. ING Groep NV’s holdings in Dollar Tree were worth $2,955,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DLTR. Primecap Management Co. CA lifted its holdings in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after acquiring an additional 957,275 shares during the period. Canada Pension Plan Investment Board lifted its stake in Dollar Tree by 14.0% during the first quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock worth $377,804,000 after purchasing an additional 348,442 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Dollar Tree by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after purchasing an additional 138,042 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Dollar Tree by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after purchasing an additional 124,021 shares during the period. Finally, Burgundy Asset Management Ltd. raised its holdings in shares of Dollar Tree by 0.7% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock worth $246,526,000 after buying an additional 12,845 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Telsey Advisory Group lowered Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $95.00 to $75.00 in a research note on Tuesday, November 5th. Sanford C. Bernstein started coverage on shares of Dollar Tree in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 target price on the stock. Morgan Stanley dropped their target price on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Piper Sandler reduced their price target on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, KeyCorp lowered shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $88.11.

Insider Activity

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was 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 in the company, valued at $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.80% of the stock is currently owned by company insiders.

Dollar Tree Stock Down 2.2 %

Shares of NASDAQ DLTR opened at $64.20 on Friday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. The firm’s 50-day moving average is $67.95 and its 200-day moving average is $92.36. 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 firm has a market capitalization of $13.80 billion, a PE ratio of -13.16, a price-to-earnings-growth ratio of 2.75 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released 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 business had revenue of $7.37 billion for the quarter, compared to analyst estimates 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 was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. Equities analysts expect that Dollar Tree, Inc. will post 5.34 EPS 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.