Cetera Investment Advisers Decreases Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Cetera Investment Advisers trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,228 shares of the company’s stock after selling 368 shares during the period. Cetera Investment Advisers’ holdings in Dollar Tree were worth $1,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar Tree during the second quarter valued at $26,000. Register Financial Advisors LLC bought a new position in Dollar Tree during the 1st quarter valued at about $28,000. Mather Group LLC. boosted its holdings 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 last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar Tree in the second quarter worth approximately $37,000. Finally, Blue Trust Inc. raised its holdings in shares of Dollar Tree by 174.5% during the second 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. Institutional investors own 97.40% of the company’s stock.

Insider Activity

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley dropped 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 report on Thursday, September 5th. Guggenheim cut their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 6th. Piper Sandler lowered their target price on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. StockNews.com cut Dollar Tree from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Finally, Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $88.00.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $67.73 on Wednesday. The business’s 50-day simple moving average is $79.39 and its two-hundred day simple moving average is $101.75. Dollar Tree, Inc. has a 52 week low of $60.81 and a 52 week high of $151.21. The stock has a market cap of $14.56 billion, a PE ratio of -14.76, a P/E/G ratio of 2.95 and a beta of 0.86. 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 (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period last year, the business posted $0.91 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, analysts forecast that Dollar Tree, Inc. will post 5.33 EPS 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.