Lowe Brockenbrough & Co. Inc. Trims Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Lowe Brockenbrough & Co. Inc. lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 19.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,700 shares of the company’s stock after selling 1,100 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Dollar Tree were worth $331,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mather Group LLC. lifted its stake in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar Tree during the 2nd quarter worth $37,000. Blue Trust Inc. increased its holdings in shares of Dollar Tree by 174.5% during the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after buying an additional 274 shares during the last quarter. Eastern Bank acquired a new stake in shares of Dollar Tree during the 3rd quarter worth $34,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Dollar Tree by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Activity

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Stock Performance

DLTR opened at $66.60 on Friday. The business’s 50 day moving average is $71.57 and its 200-day moving average is $96.20. The stock has a market cap of $14.32 billion, a PE ratio of -13.65, a price-to-earnings-growth ratio of 2.68 and a beta of 0.87. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a twelve month low of $60.81 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS. On average, analysts predict that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DLTR shares. StockNews.com downgraded Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Loop Capital downgraded Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Thursday, September 5th. The Goldman Sachs Group lowered their price target on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Finally, Melius Research initiated coverage on Dollar Tree in a report on Monday, September 23rd. They issued a “hold” rating and a $70.00 price target for the company. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $88.53.

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.