Envestnet Portfolio Solutions Inc. Raises Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Envestnet Portfolio Solutions Inc. lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 47.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,978 shares of the company’s stock after purchasing an additional 2,568 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Dollar Tree were worth $852,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DLTR. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree in the fourth quarter valued at approximately $26,000. United Community Bank purchased a new stake in Dollar Tree in the 4th quarter valued at $27,000. Register Financial Advisors LLC purchased a new position in Dollar Tree during the 1st quarter worth $28,000. Mather Group LLC. grew its position in 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar Tree in the second quarter valued at $37,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DLTR shares. Truist Financial lowered their price target on Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Telsey Advisory Group lowered their target price on Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. UBS Group cut their price target on Dollar Tree from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Morgan Stanley lowered their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 6th. Finally, Wells Fargo & Company cut their price objective on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.55.

Dollar Tree Trading Up 1.6 %

Shares of DLTR stock opened at $98.78 on Monday. Dollar Tree, Inc. has a fifty-two week low of $91.40 and a fifty-two week high of $151.21. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $103.69 and a 200-day simple moving average of $120.34. The stock has a market cap of $21.23 billion, a P/E ratio of -21.52, a P/E/G ratio of 1.07 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share for the quarter, meeting the consensus estimate of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. During the same period last year, the firm posted $1.47 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts forecast that Dollar Tree, Inc. will post 6.63 earnings per share for the current fiscal year.

Dollar Tree Company 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.