Principal Financial Group Inc. Purchases 1,485 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Principal Financial Group Inc. boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 232,455 shares of the company’s stock after buying an additional 1,485 shares during the quarter. Principal Financial Group Inc.’s holdings in Dollar Tree were worth $16,346,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Mather Group LLC. increased its stake in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after acquiring an additional 187 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar Tree during the 2nd quarter valued at $37,000. Blue Trust Inc. increased its position in shares of Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 274 shares during the period. Eastern Bank acquired a new position in shares of Dollar Tree in the 3rd quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC grew its position in Dollar Tree by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DLTR shares. JPMorgan Chase & Co. raised their target price on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Piper Sandler decreased their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. BMO Capital Markets cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. UBS Group cut their price target on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Loop Capital cut shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a report on Thursday, September 5th. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.11.

Insider Activity

In other news, Director Daniel J. Heinrich bought 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.80% of the company’s stock.

Dollar Tree Stock Down 2.2 %

Shares of DLTR opened at $64.20 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The firm has a market cap of $13.80 billion, a PE ratio of -13.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.87. The company’s fifty day moving average is $68.00 and its two-hundred day moving average is $92.74. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its quarterly 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). The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. Analysts forecast that Dollar Tree, Inc. will post 5.34 earnings per share for the current 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.