Allspring Global Investments Holdings LLC Cuts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Allspring Global Investments Holdings LLC lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,895 shares of the company’s stock after selling 254 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Dollar Tree were worth $696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree during the 2nd quarter valued at about $26,000. Mather Group LLC. lifted its position in shares of Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar Tree during the second quarter worth approximately $37,000. Blue Trust Inc. increased its stake in shares of Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after buying an additional 274 shares during the period. Finally, UMB Bank n.a. increased its stake in Dollar Tree by 52.0% in the second quarter. UMB Bank n.a. now owns 535 shares of the company’s stock valued at $57,000 after purchasing an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 3.0 %

Shares of Dollar Tree stock opened at $66.60 on Friday. The stock has a 50-day moving average price of $71.57 and a 200 day moving average price of $96.40. The company has a market cap of $14.32 billion, a P/E ratio of -13.65, a P/E/G ratio of 2.68 and a beta of 0.86. 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, Inc. has a 1 year low of $60.81 and a 1 year high of $151.21.

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 positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same period last year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts expect that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DLTR shares. Redburn Atlantic raised Dollar Tree to a “hold” rating in a report on Monday, September 23rd. The Goldman Sachs Group dropped their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Citigroup decreased their price target on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company reduced 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. Finally, Barclays reduced their price target on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $88.53.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction dated 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 acquisition, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.80% of the stock is owned by company 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.