Natixis Advisors LLC Has $21.68 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Natixis Advisors LLC reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 18.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 308,297 shares of the company's stock after selling 70,909 shares during the period. Natixis Advisors LLC owned about 0.14% of Dollar Tree worth $21,679,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DLTR. Empowered Funds LLC raised its holdings in Dollar Tree by 14.4% during the third quarter. Empowered Funds LLC now owns 3,453 shares of the company's stock worth $243,000 after buying an additional 435 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Dollar Tree by 3.9% during the third quarter. CIBC Asset Management Inc now owns 65,289 shares of the company's stock worth $4,591,000 after buying an additional 2,439 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Dollar Tree by 12.6% during the third quarter. OneDigital Investment Advisors LLC now owns 3,208 shares of the company's stock worth $226,000 after purchasing an additional 358 shares in the last quarter. McGinn Penninger Investment Management Inc. increased its stake in shares of Dollar Tree by 0.7% during the 3rd quarter. McGinn Penninger Investment Management Inc. now owns 45,828 shares of the company's stock worth $3,223,000 after purchasing an additional 325 shares during the last quarter. Finally, Lifeworks Advisors LLC lifted its holdings in shares of Dollar Tree by 11.4% during the 3rd quarter. Lifeworks Advisors LLC now owns 5,993 shares of the company's stock worth $421,000 after acquiring an additional 614 shares during the period. 97.40% of the stock is owned by institutional investors.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the firm's stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company's stock, valued at approximately $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DLTR shares. JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Guggenheim dropped their target price on Dollar Tree from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, September 6th. Evercore ISI reduced their target price on Dollar Tree from $105.00 to $100.00 and set an "in-line" rating on the stock in a report on Tuesday, October 22nd. Piper Sandler lowered their price target on Dollar Tree from $112.00 to $67.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Finally, Telsey Advisory Group downgraded shares of Dollar Tree from an "outperform" rating to a "market perform" rating and cut their target price for the company from $95.00 to $75.00 in a research note on Tuesday, November 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $87.95.

Dollar Tree Stock Down 2.4 %

DLTR traded down $1.61 on Tuesday, hitting $64.92. The company had a trading volume of 1,781,501 shares, compared to its average volume of 3,392,827. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of -13.42, a P/E/G ratio of 2.54 and a beta of 0.87. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The stock has a fifty day moving average price of $67.93 and a 200-day moving average price of $91.62. 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 (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same period last year, the firm posted $0.91 earnings per share. The business's revenue was up .7% on a year-over-year basis. Analysts predict that Dollar Tree, Inc. will post 5.35 EPS 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.