Iowa State Bank Sells 840 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Iowa State Bank reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,644 shares of the company’s stock after selling 840 shares during the period. Iowa State Bank’s holdings in Dollar Tree were worth $1,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FIL Ltd boosted its holdings in Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after acquiring an additional 1,566,392 shares in the last quarter. Wellington Management Group LLP boosted its stake in Dollar Tree by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after purchasing an additional 73,588 shares in the last quarter. Primecap Management Co. CA grew its position in Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after purchasing an additional 957,275 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Dollar Tree by 14.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock valued at $377,804,000 after purchasing an additional 348,442 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Dollar Tree by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock worth $266,124,000 after buying an additional 138,042 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial cut their target price on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Guggenheim cut their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, September 6th. UBS Group decreased their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, September 5th. KeyCorp cut their price target on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Finally, Evercore ISI dropped their price objective on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus target price of $88.00.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 6.80% of the stock is owned by corporate insiders.

Dollar Tree Trading Down 0.6 %

Shares of Dollar Tree stock opened at $68.94 on Friday. The firm has a market capitalization of $14.82 billion, a PE ratio of -14.13, a P/E/G ratio of 2.95 and a beta of 0.86. 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 firm’s 50-day moving average price is $80.56 and its 200 day moving average price is $103.06. Dollar Tree, Inc. has a twelve month low of $60.81 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.33 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.