Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 18.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 308,297 shares of the company’s stock after selling 70,909 shares during the quarter. Natixis Advisors LLC owned 0.14% of Dollar Tree worth $21,679,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DLTR. Empowered Funds LLC boosted its holdings in Dollar Tree by 14.4% in the third quarter. Empowered Funds LLC now owns 3,453 shares of the company’s stock valued at $243,000 after purchasing an additional 435 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Dollar Tree by 3.9% in 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 during the last quarter. OneDigital Investment Advisors LLC grew its holdings in 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 acquiring an additional 358 shares during the period. McGinn Penninger Investment Management Inc. raised its position in Dollar Tree by 0.7% during the third quarter. McGinn Penninger Investment Management Inc. now owns 45,828 shares of the company’s stock valued at $3,223,000 after acquiring an additional 325 shares in the last quarter. Finally, Lifeworks Advisors LLC lifted its holdings in Dollar Tree by 11.4% in the third quarter. Lifeworks Advisors LLC now owns 5,993 shares of the company’s stock valued at $421,000 after acquiring an additional 614 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The shares were bought at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $66.53 on Tuesday. The stock has a 50 day moving average price of $67.93 and a 200 day moving average price of $91.62. The stock has a market cap of $14.30 billion, a PE ratio of -13.63, a P/E/G ratio of 2.71 and a beta of 0.87. 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, Inc. has a one year low of $60.49 and a one year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted 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 analysts’ expectations of $7.49 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm’s revenue was up .7% on a year-over-year basis. Equities research analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DLTR shares. Telsey Advisory Group lowered 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 report on Tuesday, November 5th. Sanford C. Bernstein assumed coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective for the company. Piper Sandler dropped their target price on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Finally, The Goldman Sachs Group dropped their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $87.95.

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.