Blueshift Asset Management LLC Increases Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Blueshift Asset Management LLC lifted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 9.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,879 shares of the company’s stock after purchasing an additional 1,139 shares during the period. Blueshift Asset Management LLC’s holdings in Dollar Tree were worth $906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DLTR. Strategic Financial Concepts LLC purchased a new stake in Dollar Tree during the second quarter valued at approximately $26,000. Mather Group LLC. increased its stake in shares of Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares in the last quarter. Eastern Bank purchased a new stake in shares of Dollar Tree in the 3rd quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree in the 2nd quarter worth $37,000. Finally, First Horizon Advisors Inc. lifted its position in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLTR has been the topic of a number of analyst reports. Sanford C. Bernstein started coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective on the stock. Truist Financial reduced their price objective on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research note on Thursday, September 5th. Evercore ISI cut their price target on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company decreased their price target on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.95.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.80% of the company’s stock.

Dollar Tree Stock Performance

Dollar Tree stock opened at $69.12 on Wednesday. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $67.62 and its 200 day moving average is $89.33.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. As a group, equities research analysts predict that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

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.