Leeward Investments LLC MA Reduces Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Leeward Investments LLC MA reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 20.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,707 shares of the company's stock after selling 16,255 shares during the period. Leeward Investments LLC MA's holdings in Dollar Tree were worth $4,410,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new stake in Dollar Tree during the second quarter worth approximately $26,000. Mather Group LLC. increased its position in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company's stock valued at $30,000 after buying an additional 187 shares in the last quarter. Eastern Bank purchased a new position in shares of Dollar Tree during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar Tree in the 2nd quarter valued at about $37,000. Finally, Blue Trust Inc. boosted 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 worth $46,000 after purchasing an additional 274 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Down 3.0 %

Shares of NASDAQ:DLTR traded down $1.89 during midday trading on Friday, reaching $61.65. The company's stock had a trading volume of 2,875,704 shares, compared to its average volume of 3,292,709. 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 50 day moving average of $69.76 and a 200-day moving average of $95.00. Dollar Tree, Inc. has a 12-month low of $60.52 and a 12-month high of $151.21. The firm has a market capitalization of $13.25 billion, a P/E ratio of -13.02, a PEG ratio of 2.83 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $7.37 billion for the quarter, compared to analysts' expectations of $7.49 billion. During the same quarter last year, the company posted $0.91 EPS. The firm's revenue was up .7% compared to the same quarter last year. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

Insider Activity

In related news, Director Daniel J. Heinrich bought 2,200 shares of the company's stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now owns 9,823 shares of the company's stock, valued at $670,616.21. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on DLTR. Loop Capital cut Dollar Tree from a "buy" rating to a "hold" rating and set a $65.00 price objective on the stock. in a research note on Thursday, September 5th. Wells Fargo & Company lowered their price target on shares of Dollar Tree from $130.00 to $100.00 and set an "overweight" rating for the company in a research report on Thursday, September 5th. The Goldman Sachs Group cut their target price on Dollar Tree from $145.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, September 10th. KeyCorp lowered Dollar Tree from an "overweight" rating to a "sector weight" rating in a research report on Thursday. Finally, Truist Financial reduced their price target on shares of Dollar Tree from $140.00 to $79.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has an average rating of "Hold" and a consensus target price of $88.11.

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.