S.A. Mason LLC Has $169,000 Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

S.A. Mason LLC reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 13.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,406 shares of the company’s stock after selling 385 shares during the period. S.A. Mason LLC’s holdings in Dollar Tree were worth $169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DLTR. National Bank of Canada FI raised its position in Dollar Tree by 223.4% in the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock valued at $188,379,000 after purchasing an additional 977,313 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after buying an additional 957,275 shares during the last quarter. Renaissance Technologies LLC lifted its position in Dollar Tree by 488.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock worth $111,531,000 after buying an additional 867,054 shares in the last quarter. Mizuho Markets Americas LLC bought a new stake in Dollar Tree during the 1st quarter worth about $99,862,000. Finally, Natixis acquired a new stake in Dollar Tree in the 1st quarter valued at about $97,439,000. Institutional investors own 97.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several research reports. Piper Sandler reduced their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. StockNews.com cut Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. UBS Group lowered their price objective on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Finally, Evercore ISI lowered their price target on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $88.53.

Dollar Tree Trading Down 1.8 %

Dollar Tree stock opened at $63.31 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The firm has a 50-day moving average of $72.84 and a 200-day moving average of $97.03. The company has a market cap of $13.61 billion, a price-to-earnings ratio of -12.97, a P/E/G ratio of 2.95 and a beta of 0.86. Dollar Tree, Inc. has a one year low of $60.81 and a one year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued 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 company had revenue of $7.37 billion for 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 business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $0.91 earnings per share. On average, equities analysts expect that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

Dollar Tree 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.