Tidal Investments LLC reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 32.4% during the first quarter, according to the company’s most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,223 shares of the company’s stock after selling 2,500 shares during the period. Tidal Investments LLC’s holdings in Dollar Tree were worth $695,000, according to the company’s most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its holdings in Dollar Tree shares by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares during the same period. Norges Bank acquired a new stake in Dollar Tree shares during the 4th quarter valued at approximately $333,373,000. FIL Ltd increased its stake in Dollar Tree shares by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after acquiring an additional 1,566,392 shares during the same period. National Bank of Canada FI increased its stake 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 in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in Dollar Tree in the 1st quarter valued at $99,862,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts set new price targets

Several equities analysts have issued reports on DLTR shares. Morgan Stanley lowered their price target on shares of Dollar Tree from $135.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, June 6th. Piper Sandler downgraded Dollar Tree from “overweight” to “neutral” in a report on Tuesday, July 16th and decreased their price target on the stock from $143.00 to $112.00. Citigroup downgraded Dollar Tree from “buy” to “neutral” in a report on Thursday, June 6th and decreased their price target for the company from $163.00 to $120.00. Telsey Advisory Group decreased their price target on Dollar Tree from $160.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Finally, Truist Financial reduced their price target on Dollar Tree from $147.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, and twelve have given the company 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 analysis on DLTR

Insider activity

In related news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction that took place 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 owns 9,725 shares of the company’s stock, valued at approximately $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 Stock Performance

NASDAQ DLTR opened at $96.58 on Wednesday. The stock has a market cap of $20.76 billion, a P/E ratio of -21.04, a PEG ratio of 1.07 and a beta of 0.88. Dollar Tree, Inc. has a twelve month low of $95.44 and a twelve month high of $151.71. The stock has a 50 day moving average of $107.34 and a 200 day moving average of $122.65. 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 – Free Report) last announced 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 expectations 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 for the quarter grew 4.2% year-over-year. During the same period last year, the company generated earnings per share of $1.47. Equities analysts expect Dollar Tree, Inc. to report earnings per share of $6.63 for the current 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.

Further information

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