National Bank of Canada FI Decreases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

National Bank of Canada FI reduced its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 70.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 422,094 shares of the company's stock after selling 992,694 shares during the period. National Bank of Canada FI owned about 0.20% of Dollar Tree worth $45,268,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DLTR. TD Asset Management Inc increased its holdings in shares of Dollar Tree by 30.5% in the 2nd quarter. TD Asset Management Inc now owns 624,215 shares of the company's stock valued at $66,647,000 after purchasing an additional 145,819 shares in the last quarter. Mattern Capital Management LLC boosted its stake in Dollar Tree by 45.7% during the 2nd quarter. Mattern Capital Management LLC now owns 4,085 shares of the company's stock valued at $436,000 after purchasing an additional 1,282 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Dollar Tree in the 2nd quarter worth approximately $815,000. Strategy Asset Managers LLC bought a new stake in shares of Dollar Tree in the 2nd quarter worth approximately $549,000. Finally, Pzena Investment Management LLC grew its position in Dollar Tree by 39.9% during the 2nd quarter. Pzena Investment Management LLC now owns 2,727 shares of the company's stock worth $291,000 after purchasing an additional 778 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Dollar Tree from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $111.00 to $70.00 in a research note on Wednesday. Citigroup dropped their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a "neutral" rating for the company in a research note on Thursday. Barclays reduced their target price on shares of Dollar Tree from $128.00 to $81.00 and set an "equal weight" rating on the stock in a report on Thursday. Morgan Stanley decreased their price target on shares of Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating for the company in a research note on Thursday. Finally, KeyCorp cut their price target on Dollar Tree from $145.00 to $84.00 and set an "overweight" rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $95.00.

Dollar Tree Price Performance

Shares of DLTR stock traded down $1.97 during trading hours on Friday, reaching $66.50. The company's stock had a trading volume of 7,536,382 shares, compared to its average volume of 3,073,366. The firm's 50 day simple moving average is $97.85 and its 200-day simple moving average is $115.16. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. Dollar Tree, Inc. has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of -14.49, a PEG ratio of 0.93 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly 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). The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The company's revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm posted $0.91 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 6.46 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

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 transaction, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is owned by corporate insiders.

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.