First Trust Direct Indexing L.P. Sells 1,952 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

First Trust Direct Indexing L.P. decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 37.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,220 shares of the company’s stock after selling 1,952 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Dollar Tree were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI increased its position in shares of Dollar Tree by 223.4% during the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock valued at $188,379,000 after purchasing an additional 977,313 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after purchasing an additional 957,275 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Dollar Tree by 488.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock valued at $111,531,000 after purchasing an additional 867,054 shares during the last quarter. Mizuho Markets Americas LLC bought a new position in shares of Dollar Tree during the 1st quarter valued at approximately $99,862,000. Finally, Natixis bought a new position in shares of Dollar Tree during the 1st quarter valued at approximately $97,439,000. Institutional investors own 97.40% of the company’s stock.

Insider Activity

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were acquired 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 approximately $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Trading Down 0.1 %

Shares of NASDAQ:DLTR opened at $66.77 on Wednesday. The business’s 50-day moving average is $70.40 and its 200 day moving average is $95.23. Dollar Tree, Inc. has a 1 year low of $60.81 and a 1 year high of $151.21. The firm has a market capitalization of $14.35 billion, a P/E ratio of -13.68, a P/E/G ratio of 2.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data 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). The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. On average, research analysts predict that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on DLTR. StockNews.com cut Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Sanford C. Bernstein began coverage on Dollar Tree in a report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective for the company. Guggenheim dropped their price objective on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 6th. The Goldman Sachs Group lowered their target price on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Finally, Barclays lowered their target price on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $88.11.

Dollar Tree 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.