Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 19,367 shares of the company’s stock after buying an additional 455 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Dollar Tree were worth $2,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Avantax Advisory Services Inc. acquired a new position in Dollar Tree during the 4th quarter worth approximately $229,000. Coldstream Capital Management Inc. acquired a new position in shares of Dollar Tree during the fourth quarter worth $397,000. D.A. Davidson & CO. purchased a new position in Dollar Tree in the fourth quarter valued at $437,000. Corient Private Wealth LLC raised its stake in Dollar Tree by 9.8% in the fourth quarter. Corient Private Wealth LLC now owns 21,302 shares of the company’s stock valued at $3,026,000 after buying an additional 1,896 shares in the last quarter. Finally, Pzena Investment Management LLC purchased a new stake in Dollar Tree during the 4th quarter worth about $240,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 2.4 %

Shares of Dollar Tree stock opened at $73.88 on Friday. Dollar Tree, Inc. has a one year low of $60.81 and a one year high of $151.21. The company has a market cap of $15.88 billion, a P/E ratio of -16.10, a PEG ratio of 2.82 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. The firm has a fifty day moving average of $91.43 and a two-hundred day moving average of $110.39.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (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 firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts forecast that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

Insider Activity

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the transaction, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares in the company, valued at $670,616.21. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were 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 owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DLTR shares. UBS Group dropped their price objective on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Piper Sandler dropped their price target on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Loop Capital downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research report on Thursday, September 5th. StockNews.com cut shares of Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Finally, The Goldman Sachs Group cut their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $92.53.

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.