EverSource Wealth Advisors LLC Has $69,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

EverSource Wealth Advisors LLC boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 35.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 657 shares of the company’s stock after buying an additional 171 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Dollar Tree were worth $69,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Capital International Investors raised its holdings in shares of Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after purchasing an additional 2,445,827 shares during the last quarter. FIL Ltd grew its position in Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after purchasing an additional 1,566,392 shares in the last quarter. National Bank of Canada FI lifted its position in 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 worth $188,379,000 after buying an additional 977,313 shares in the last quarter. Primecap Management Co. CA boosted its stake 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 worth $306,693,000 after buying an additional 957,275 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Dollar Tree by 488.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock valued at $111,531,000 after acquiring an additional 867,054 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DLTR shares. Truist Financial dropped their target price on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Wells Fargo & Company dropped their price objective 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. BMO Capital Markets cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $130.00 to $68.00 in a research note on Thursday, September 5th. Citigroup cut their price target on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, Barclays decreased their price objective 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. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus target price of $91.40.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $73.12 on Friday. The stock has a 50 day simple moving average of $88.03 and a 200 day simple moving average of $107.72. The stock has a market cap of $15.72 billion, a P/E ratio of -15.93, a PEG ratio of 3.04 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.81 and a 1-year high of $151.21. 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 issued its quarterly earnings data 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 negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. Research analysts anticipate that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

Insiders Place Their Bets

In other Dollar Tree news, 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 transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate 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.