Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 70.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,360 shares of the company’s stock after selling 141,366 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Dollar Tree were worth $4,104,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Mather Group LLC. lifted its position in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar Tree in the 2nd quarter valued at about $37,000. Blue Trust Inc. lifted its holdings in shares of Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares during the last quarter. Eastern Bank purchased a new position in Dollar Tree during the 3rd quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC increased its position in Dollar Tree by 29.3% during the first 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 period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of research reports. Morgan Stanley lowered their target price on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Melius Research began coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective on the stock. Guggenheim reduced their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 6th. Barclays lowered their price target on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Finally, BMO Capital Markets reduced their price objective on Dollar Tree from $68.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $87.95.

Insider Buying and Selling

In other news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares in the company, valued at $670,616.21. This represents a 28.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 6.80% of the stock is currently owned by insiders.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $71.27 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm’s fifty day simple moving average is $67.47 and its 200-day simple moving average is $88.53. The stock has a market cap of $15.32 billion, a PE ratio of -14.60, a price-to-earnings-growth ratio of 2.83 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. Analysts expect that Dollar Tree, Inc. will post 5.35 earnings per share for the current fiscal year.

Dollar Tree Profile

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.