Anchor Investment Management LLC Sells 1,095 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Anchor Investment Management LLC reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 31.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,418 shares of the company’s stock after selling 1,095 shares during the period. Anchor Investment Management LLC’s holdings in Dollar Tree were worth $258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new position in Dollar Tree in the second quarter valued at about $26,000. Register Financial Advisors LLC purchased a new position in Dollar Tree in the first quarter valued at about $28,000. Mather Group LLC. grew its stake in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar Tree in the second quarter valued at about $37,000. Finally, Blue Trust Inc. grew its stake in Dollar Tree by 174.5% in the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Trading Up 2.6 %

Shares of NASDAQ:DLTR opened at $70.90 on Friday. Dollar Tree, Inc. has a 12-month low of $60.81 and a 12-month high of $151.21. The company has a market capitalization of $15.24 billion, a PE ratio of -15.45, a PEG ratio of 3.04 and a beta of 0.86. The business has a 50 day moving average of $83.88 and a two-hundred day moving average of $105.06. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. As a group, analysts forecast that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley dropped their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company dropped their price target on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. The Goldman Sachs Group dropped their price target on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Evercore ISI dropped their price target on Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. Finally, UBS Group dropped their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $90.68.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

About Dollar Tree

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.