Radnor Capital Management LLC Invests $1.66 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

Radnor Capital Management LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,543 shares of the company's stock, valued at approximately $1,656,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Strategic Financial Concepts LLC purchased a new position in Dollar Tree in the second quarter valued at about $26,000. Mather Group LLC. lifted its holdings 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 buying an additional 187 shares during the last quarter. Eastern Bank bought a new position in Dollar Tree during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree during the 2nd quarter worth approximately $37,000. Finally, Blue Trust Inc. lifted its holdings in Dollar Tree by 174.5% during the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company's stock worth $46,000 after buying an additional 274 shares during the last quarter. 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 acquired 2,200 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.80% of the company's stock.

Dollar Tree Stock Down 6.5 %

NASDAQ DLTR traded down $4.36 during trading on Wednesday, hitting $62.41. 9,802,715 shares of the company traded hands, compared to its average volume of 3,282,863. Dollar Tree, Inc. has a 12 month low of $60.52 and a 12 month high of $151.21. The business has a fifty day simple moving average of $70.40 and a 200 day simple moving average of $95.23. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $13.42 billion, a P/E ratio of -12.79, a PEG ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued 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 the consensus estimate 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 in the prior year, the firm earned $0.91 earnings per share. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. KeyCorp reduced their target price on Dollar Tree from $145.00 to $84.00 and set an "overweight" rating on the stock in a report on Thursday, September 5th. The Goldman Sachs Group cut their price target on Dollar Tree from $145.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, September 10th. Melius Research assumed coverage on Dollar Tree in a report on Monday, September 23rd. They issued a "hold" rating and a $70.00 price target on the stock. BMO Capital Markets downgraded Dollar Tree from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $130.00 to $68.00 in a report on Thursday, September 5th. Finally, Piper Sandler cut their price target on Dollar Tree from $112.00 to $67.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $88.11.

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.