Cwm LLC reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,534 shares of the company’s stock after selling 390 shares during the quarter. Cwm LLC’s holdings in Dollar Tree were worth $377,000 at the end of the last quarter.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Dollar Tree in the 4th quarter valued at $15,638,000. Cerity Partners LLC increased its position in shares of Dollar Tree by 5.3% in the 4th quarter. Cerity Partners LLC now owns 39,272 shares of the company’s stock valued at $5,579,000 after buying an additional 1,994 shares in the last quarter. Clarius Group LLC acquired a new position in Dollar Tree in the 4th quarter valued at about $200,000. Simplicity Solutions LLC increased its holdings in Dollar Tree by 24.7% in the 4th quarter. Simplicity Solutions LLC now owns 2,432 shares of the company’s stock valued at $345,000 after buying an additional 481 shares in the last quarter. Finally, SVB Wealth LLC increased its holdings in Dollar Tree by 14.7% in the 4th quarter. SVB Wealth LLC now owns 2,292 shares of the company’s stock valued at $326,000 after purchasing an additional 293 shares during the last quarter. 97.40% of the shares are owned by institutional investors and hedge funds.

Wall Street analysts predict growth

Several research analysts have recently commented on DLTR shares. Piper Sandler downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $143.00 to $112.00 in a research report on Tuesday, July 16. Truist Financial decreased their price target on shares of Dollar Tree from $147.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, June 6. UBS Group decreased their price target on shares of Dollar Tree from $170.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, June 28. JPMorgan Chase & Co. increased their price target on shares of Dollar Tree from $135.00 to $148.00 and gave the company an “overweight” rating in a research report on Thursday, July 18. Finally, Wells Fargo & Company decreased their price target on shares of Dollar Tree from $180.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, June 6. One research analyst rated the stock with a sell rating, eight have given a hold rating, and twelve have given a buy rating. The stock has an average rating of “Moderate Buy” and an average price target of $141.55, according to data from MarketBeat.com.

Check out our latest analysis on Dollar Tree

Insider activity

In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock on Tuesday, June 25. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 6.80% of the company’s stock.

Dollar Tree shares fell 1.5%

Dollar Tree stock opened at $92.45 on Wednesday. Dollar Tree, Inc. has a 52-week low of $91.40 and a 52-week high of $151.21. The stock has a market cap of $19.87 billion, a price-to-earnings ratio of -20.14, a PEG ratio of 1.07 and a beta of 0.88. The company’s 50-day average price is $104.68 and its 200-day average price is $121.10. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR – Get Free Report) last released its quarterly earnings results on Wednesday, June 5. The company reported earnings per share of $1.43 for the quarter, meeting analysts’ consensus estimates of $1.43. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company’s revenue grew 4.2% year-over-year for the quarter. During the same quarter last year, the company generated earnings per share of $1.47. On average, analysts expect Dollar Tree, Inc. to report earnings per share of $6.63 for the current fiscal year.

Dollar Tree Company Profile

(Free report)

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 a fixed price of $1.25. It offers consumables, including everyday consumables such as household paper and chemicals, groceries, candy, health and personal care products, and frozen and refrigerated foods; miscellaneous merchandise, including toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and craft supplies, and other items; and seasonal merchandise, including Christmas, Easter, Halloween, and Valentine’s Day items.

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