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

Profund Advisors LLC lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,126 shares of the company’s stock after selling 219 shares during the period. Profund Advisors LLC’s holdings in Dollar Tree were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new stake in Dollar Tree in the 4th quarter valued at about $26,000. United Community Bank acquired a new stake in Dollar Tree in the 4th quarter valued at about $27,000. Register Financial Advisors LLC acquired a new stake in Dollar Tree in the 1st quarter valued at about $28,000. Mather Group LLC. raised its position in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar Tree during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Down 2.9 %

Shares of DLTR stock opened at $71.73 on Monday. The business’s 50 day moving average is $90.72 and its two-hundred day moving average is $109.32. Dollar Tree, Inc. has a twelve month low of $60.81 and a twelve month high of $151.21. The company has a market capitalization of $15.42 billion, a P/E ratio of -15.63, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. 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 posted its quarterly earnings results 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). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts forecast that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Loop Capital lowered Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Thursday, September 5th. BMO Capital Markets lowered Dollar Tree from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $130.00 to $68.00 in a research report on Thursday, September 5th. Citigroup cut their target price on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. The Goldman Sachs Group cut their target price on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Finally, UBS Group cut their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $92.53.

Insider Activity at Dollar Tree

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

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.