Amalgamated Bank Reduces Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Amalgamated Bank trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,969 shares of the company’s stock after selling 841 shares during the period. Amalgamated Bank’s holdings in Dollar Tree were worth $4,481,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree in the 4th quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Dollar Tree in the 2nd quarter worth $26,000. United Community Bank acquired a new position in Dollar Tree in the fourth quarter valued at $27,000. Register Financial Advisors LLC purchased a new stake in Dollar Tree during the first quarter valued at about $28,000. Finally, Mather Group LLC. raised its holdings in shares of Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Piper Sandler dropped their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Telsey Advisory Group cut their target price on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Barclays decreased their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Morgan Stanley cut their price objective on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Finally, 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 research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $92.53.

Insider Activity at Dollar Tree

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

Dollar Tree Trading Down 2.9 %

NASDAQ DLTR opened at $71.73 on Friday. The company’s fifty day moving average price is $90.72 and its two-hundred day moving average price is $109.60. The company has a market capitalization of $15.42 billion, a price-to-earnings ratio of -15.63, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. Dollar Tree, Inc. has a 12 month low of $60.81 and a 12 month high of $151.21. 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 posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS 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 firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the business posted $0.91 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts predict that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

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.