Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 9.5% during the 4th quarter, HoldingsChannel reports. The fund owned 1,341 shares of the company’s stock after selling 141 shares during the period. Bruce G. Allen Investments LLC’s holdings in Dollar Tree were worth $100,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DLTR. Empower Advisory Group LLC boosted its holdings in Dollar Tree by 41.3% in the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after purchasing an additional 192,754 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Dollar Tree by 374.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after buying an additional 1,797 shares during the period. Equity Investment Corp grew its position in shares of Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in Dollar Tree during the third quarter worth about $19,591,000. Finally, Anthracite Investment Company Inc. bought a new position in Dollar Tree in the third quarter worth about $2,813,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Up 1.3 %

Shares of DLTR traded up $0.91 during midday trading on Friday, reaching $72.88. 1,921,015 shares of the stock were exchanged, compared to its average volume of 2,990,663. The firm has a 50 day simple moving average of $70.01 and a 200-day simple moving average of $80.64. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The company has a market cap of $15.67 billion, a price-to-earnings ratio of -15.28, a P/E/G ratio of 2.28 and a beta of 0.90. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. Research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Piper Sandler reiterated a “neutral” rating and set a $72.00 price target (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Truist Financial boosted their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Guggenheim dropped their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Loop Capital boosted their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average target price of $85.58.

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.