Atria Investments Inc Grows Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Atria Investments Inc raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 16.4% during the third quarter, Holdings Channel reports. The institutional investor owned 15,927 shares of the company’s stock after buying an additional 2,244 shares during the period. Atria Investments Inc’s holdings in Dollar Tree were worth $1,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DLTR. Strategic Financial Concepts LLC purchased a new position in shares of Dollar Tree during the second quarter worth about $26,000. Mather Group LLC. lifted its position in shares of Dollar Tree by 198.9% during the 2nd 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 period. Eastern Bank acquired a new position in shares of Dollar Tree during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar Tree during the 2nd quarter worth approximately $37,000. Finally, Blue Trust Inc. raised its position 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 purchasing an additional 274 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

DLTR opened at $64.20 on Friday. The stock has a fifty day simple moving average of $67.95 and a two-hundred day simple moving average of $92.36. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The company has a market cap of $13.80 billion, a price-to-earnings ratio of -13.16, a price-to-earnings-growth ratio of 2.75 and a beta of 0.87. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. Dollar Tree’s quarterly revenue was up .7% compared to the same quarter last year. Research analysts predict that Dollar Tree, Inc. will post 5.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on DLTR. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Telsey Advisory Group lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $95.00 to $75.00 in a report on Tuesday, November 5th. Truist Financial cut their price objective on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. The Goldman Sachs Group cut their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Finally, BMO Capital Markets downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Dollar Tree has an average rating of “Hold” and an average target price of $88.11.

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.