Sanibel Captiva Trust Company Inc. Sells 912 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Sanibel Captiva Trust Company Inc. trimmed its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 7.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,061 shares of the company’s stock after selling 912 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Dollar Tree were worth $1,181,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. NBC Securities Inc. increased its holdings in shares of Dollar Tree by 7.1% in the 4th quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock valued at $163,000 after acquiring an additional 76 shares during the period. Mount Yale Investment Advisors LLC boosted its stake in shares of Dollar Tree by 4.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after buying an additional 93 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Dollar Tree by 4.0% in the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock worth $335,000 after buying an additional 96 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in Dollar Tree by 27.0% in the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock worth $66,000 after purchasing an additional 105 shares during the period. Finally, Fiduciary Trust Co raised its holdings in shares of Dollar Tree by 1.0% during the fourth quarter. Fiduciary Trust Co now owns 10,997 shares of the company’s stock valued at $1,562,000 after acquiring an additional 109 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Price Performance

Shares of Dollar Tree stock traded down $1.32 during trading on Tuesday, hitting $99.19. 1,278,812 shares of the company were exchanged, compared to its average volume of 2,729,488. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. Dollar Tree, Inc. has a fifty-two week low of $91.40 and a fifty-two week high of $151.21. The stock has a market capitalization of $21.32 billion, a price-to-earnings ratio of -21.90, a P/E/G ratio of 1.07 and a beta of 0.88. The firm has a 50 day moving average price of $103.49 and a 200 day moving average price of $120.10.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. Dollar Tree’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 EPS. On average, equities analysts expect that Dollar Tree, Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several analyst reports. UBS Group lowered their price objective on Dollar Tree from $170.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Telsey Advisory Group lowered their price objective on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Citigroup lowered Dollar Tree from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $163.00 to $120.00 in a report on Thursday, June 6th. Morgan Stanley lowered their price objective on Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Dollar Tree from $135.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.55.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is currently owned by insiders.

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.