SG Americas Securities LLC lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 92.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,532 shares of the company's stock after selling 349,682 shares during the period. SG Americas Securities LLC's holdings in Dollar Tree were worth $2,940,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in DLTR. ICA Group Wealth Management LLC bought a new position in Dollar Tree in the fourth quarter worth approximately $26,000. United Community Bank bought a new position in Dollar Tree in the fourth quarter worth approximately $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree in the first quarter worth approximately $28,000. Mather Group LLC. boosted its holdings in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company's stock worth $30,000 after acquiring an additional 187 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree in the second quarter worth approximately $37,000. Institutional investors own 97.40% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on DLTR. Citigroup lowered Dollar Tree from a "buy" rating to a "neutral" rating and cut their price target for the stock from $163.00 to $120.00 in a report on Thursday, June 6th. Telsey Advisory Group dropped their target price on Dollar Tree from $160.00 to $155.00 and set an "outperform" rating on the stock in a report on Thursday, June 6th. Wells Fargo & Company dropped their target price on Dollar Tree from $180.00 to $160.00 and set an "overweight" rating on the stock in a report on Thursday, June 6th. Morgan Stanley dropped their target price on Dollar Tree from $135.00 to $130.00 and set an "equal weight" rating on the stock in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. raised their target price on Dollar Tree from $135.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $141.55.
Read Our Latest Analysis on Dollar Tree
Insider Activity
In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now directly owns 9,725 shares in the company, valued at $1,026,765.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.80% of the stock is owned by company insiders.
Dollar Tree Stock Performance
NASDAQ:DLTR traded down $0.08 during trading hours on Wednesday, reaching $92.37. The stock had a trading volume of 2,312,165 shares, compared to its average volume of 2,741,785. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. The stock has a 50 day simple moving average of $104.24 and a 200 day simple moving average of $120.90. Dollar Tree, Inc. has a 12-month low of $91.40 and a 12-month high of $151.21. The stock has a market cap of $19.85 billion, a P/E ratio of -20.12, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.43. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.63 billion. During the same period last year, the business posted $1.47 earnings per share. The business's revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts forecast that Dollar Tree, Inc. will post 6.63 EPS for the current fiscal year.
About Dollar Tree
(
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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