SG Americas Securities LLC reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 92.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,532 shares of the company’s stock after selling 349,682 shares during the period. SG Americas Securities LLC’s holdings in Dollar Tree were worth $2,940,000 at the end of the most recent reporting period.

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

Insider activity

In related news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.80% of the company’s stock.

Wall Street analysts comment

Several research analysts have recently issued reports on the company. Telsey Advisory Group lowered their price target on Dollar Tree from $160.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Piper Sandler downgraded Dollar Tree shares from an “overweight” rating to a “neutral” rating and decreased their price target on the stock from $143.00 to $112.00 in a research report on Tuesday, July 16th. Morgan Stanley lowered their price target on Dollar Tree shares from $135.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. Citigroup downgraded shares of Dollar Tree from a “buy” rating to a “neutral” rating and decreased their price target for the company from $163.00 to $120.00 in a research report on Thursday, June 6th. Finally, BMO Capital Markets decreased their price target on Dollar Tree from $150.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. One equities analyst rated the stock with a sell rating, eight have given a hold rating, and twelve have given a buy rating. The company has a consensus rating of “moderate buy” and an average price target of $141.55, according to data from MarketBeat.

Check out our latest stock report on DLTR

Dollar Tree Stock Performance

NASDAQ DLTR opened at $92.45 on Wednesday. The stock has a market cap of $19.87 billion, a price-to-earnings ratio of -20.14, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88. The company has a 50-day moving average of $104.68 and a 200-day moving average of $121.10. Dollar Tree, Inc. has a 52-week low of $91.40 and a 52-week high of $151.21. 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 (NASDAQ:DLTR – 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. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The company posted revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. In the same quarter last year, the company reported earnings per share of $1.47. The company’s revenue grew by 4.2% year-over-year. Overall, analysts forecast that Dollar Tree, Inc. will report earnings per share of $6.63 for the current fiscal year.

Dollar Tree 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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