The Manufacturers Life Insurance Company Cuts Position in Dollar Tree, Inc. (NASDAQ:DLTR)

The Manufacturers Life Insurance Company lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,274 shares of the company’s stock after selling 2,039 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Dollar Tree worth $8,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Empower Advisory Group LLC boosted its stake in shares of Dollar Tree by 41.3% during the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after acquiring an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Dollar Tree by 374.4% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after purchasing an additional 1,797 shares in the last quarter. Equity Investment Corp grew its holdings in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after purchasing an additional 746,913 shares during the last quarter. Anthracite Investment Company Inc. purchased a new position in shares of Dollar Tree in the third quarter valued at $2,813,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Dollar Tree during the 2nd quarter worth $779,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich bought 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of research reports. 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 research report on Thursday, September 5th. BMO Capital Markets cut their price target on Dollar Tree from $68.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 18th. Morgan Stanley decreased their price objective on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note 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 for the company in a research note on Tuesday, September 10th. Finally, Piper Sandler decreased their price target on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Dollar Tree has an average rating of “Hold” and an average price target of $87.53.

Get Our Latest Stock Analysis on Dollar Tree

Dollar Tree Trading Down 0.5 %

NASDAQ DLTR opened at $72.48 on Wednesday. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of -14.85, a PEG ratio of 2.88 and a beta of 0.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The company’s 50 day moving average price is $67.52 and its 200 day moving average price is $87.66.

Dollar Tree (NASDAQ:DLTRGet Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the prior year, the business posted $0.91 EPS. The business’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Dollar Tree Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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