Natixis Advisors LLC Lowers Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Natixis Advisors LLC decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 18.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,297 shares of the company’s stock after selling 70,909 shares during the quarter. Natixis Advisors LLC’s holdings in Dollar Tree were worth $21,679,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DLTR. Empower Advisory Group LLC raised its holdings in shares of Dollar Tree by 41.3% in the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after buying an additional 192,754 shares during the period. Farther Finance Advisors LLC increased its stake in Dollar Tree by 374.4% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after purchasing an additional 1,797 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Dollar Tree during the second quarter worth about $779,000. Raymond James & Associates boosted its stake in shares of Dollar Tree by 80.6% in the third quarter. Raymond James & Associates now owns 310,084 shares of the company’s stock valued at $21,805,000 after purchasing an additional 138,415 shares during the period. Finally, Forsta AP Fonden grew its holdings in shares of Dollar Tree by 174.7% in the third quarter. Forsta AP Fonden now owns 98,600 shares of the company’s stock valued at $6,934,000 after purchasing an additional 62,700 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DLTR shares. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Barclays decreased their target price on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Citigroup cut their price target on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group cut their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus target price of $87.95.

Dollar Tree Trading Up 3.6 %

DLTR opened at $66.53 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The business’s 50 day moving average is $67.93 and its two-hundred day moving average is $91.62. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of -13.63, a price-to-earnings-growth ratio of 2.71 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced 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 during 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 was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 earnings per share. On average, research analysts predict that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Insider Activity

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 28.86 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 6.80% of the company’s stock.

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.