Dollar Tree, Inc. $DLTR Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 43.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,279 shares of the company’s stock after selling 25,617 shares during the period. Handelsbanken Fonder AB’s holdings in Dollar Tree were worth $3,141,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Dollar Tree during the 3rd quarter valued at $29,000. True Wealth Design LLC boosted its position in Dollar Tree by 372.5% in the 2nd quarter. True Wealth Design LLC now owns 378 shares of the company’s stock valued at $37,000 after buying an additional 298 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Dollar Tree by 90.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock valued at $40,000 after buying an additional 201 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Dollar Tree during the third quarter valued at about $41,000. Finally, MTM Investment Management LLC purchased a new stake in shares of Dollar Tree during the second quarter worth about $42,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DLTR. Guggenheim increased their price target on Dollar Tree from $125.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Bank of America increased their target price on Dollar Tree from $75.00 to $85.00 and gave the company an “underperform” rating in a research note on Thursday, December 4th. Jefferies Financial Group reissued an “underperform” rating and set a $75.00 price target on shares of Dollar Tree in a research report on Wednesday, December 3rd. Sanford C. Bernstein upped their price target on shares of Dollar Tree from $109.00 to $123.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Finally, Truist Financial set a $156.00 price objective on shares of Dollar Tree in a report on Friday, January 16th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $124.62.

Dollar Tree Trading Down 1.2%

Dollar Tree stock opened at $118.41 on Wednesday. Dollar Tree, Inc. has a 1 year low of $61.80 and a 1 year high of $142.40. The firm’s 50-day moving average is $127.40 and its 200-day moving average is $112.71. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96. The company has a market cap of $23.55 billion, a P/E ratio of -8.80, a PEG ratio of 1.53 and a beta of 0.73.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.12. The business had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.70 billion. Dollar Tree had a negative net margin of 15.40% and a positive return on equity of 30.23%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 EPS. On average, equities analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Brent A. Beebe sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $124.65, for a total transaction of $274,230.00. Following the completion of the transaction, the insider directly owned 13,740 shares of the company’s stock, valued at approximately $1,712,691. This represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is currently owned by insiders.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.