Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc trimmed its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,579 shares of the company’s stock after selling 821 shares during the quarter. Prospera Financial Services Inc’s holdings in Dollar Tree were worth $533,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Primecap Management Co. CA increased its holdings in shares of Dollar Tree by 50.0% in the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after acquiring an additional 957,275 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Dollar Tree by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after acquiring an additional 138,042 shares during the period. American Century Companies Inc. increased its holdings in shares of Dollar Tree by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after acquiring an additional 124,021 shares during the period. Equity Investment Corp increased its holdings in shares of Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after acquiring an additional 746,913 shares during the period. Finally, Renaissance Technologies LLC grew its position in Dollar Tree by 488.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock valued at $111,531,000 after buying an additional 867,054 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $66.40 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The firm has a market cap of $14.28 billion, a PE ratio of -13.61, a P/E/G ratio of 2.60 and a beta of 0.87. The firm has a 50 day simple moving average of $67.75 and a 200-day simple moving average of $90.26. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly 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 business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. On average, equities analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Insider Buying and Selling at Dollar Tree

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

Wall Street Analyst Weigh In

DLTR has been the topic of a number of analyst reports. Melius Research initiated coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They issued a “hold” rating and a $70.00 price objective on the stock. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Telsey Advisory Group lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $95.00 to $75.00 in a research report on Tuesday, November 5th. KeyCorp lowered shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.95.

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.