Commonwealth Equity Services LLC Sells 8,979 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Posted by Defense World Staff on Mar 9th, 2023

Dollar Tree logo Commonwealth Equity Services LLC decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 23.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,863 shares of the company’s stock after selling 8,979 shares during the period. Commonwealth Equity Services LLC’s holdings in Dollar Tree were worth $3,928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. SVB Wealth LLC boosted its position in shares of Dollar Tree by 2.4% in the 2nd quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock worth $414,000 after purchasing an additional 62 shares in the last quarter. Trust Asset Management LLC grew its stake in shares of Dollar Tree by 2.8% during the second quarter. Trust Asset Management LLC now owns 2,358 shares of the company’s stock worth $367,000 after acquiring an additional 64 shares during the last quarter. Keybank National Association OH increased its holdings in shares of Dollar Tree by 3.3% during the second quarter. Keybank National Association OH now owns 2,469 shares of the company’s stock valued at $385,000 after acquiring an additional 79 shares in the last quarter. NuWave Investment Management LLC raised its position in shares of Dollar Tree by 9.3% in the 3rd quarter. NuWave Investment Management LLC now owns 933 shares of the company’s stock valued at $127,000 after purchasing an additional 79 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in Dollar Tree by 5.9% in the 3rd quarter. Ballentine Partners LLC now owns 1,486 shares of the company’s stock worth $202,000 after purchasing an additional 83 shares in the last quarter. 97.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Evercore ISI decreased their price target on shares of Dollar Tree from $170.00 to $160.00 in a report on Wednesday, November 23rd. OTR Global raised Dollar Tree from a “mixed” rating to a “positive” rating in a report on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft decreased their target price on Dollar Tree from $181.00 to $173.00 and set a “buy” rating for the company in a report on Thursday, March 2nd. Truist Financial cut their price target on shares of Dollar Tree from $170.00 to $164.00 and set a “buy” rating on the stock in a report on Thursday, March 2nd. Finally, UBS Group lifted their price objective on shares of Dollar Tree from $171.00 to $177.00 in a research note on Wednesday, November 23rd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $168.88.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $141.71 on Thursday. The company has a current ratio of 1.51, a quick ratio of 0.22 and a debt-to-equity ratio of 0.39. Dollar Tree, Inc. has a twelve month low of $124.76 and a twelve month high of $177.19. The stock has a 50-day moving average of $146.72 and a 200 day moving average of $146.79. The stock has a market capitalization of $31.73 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 2.04 and a beta of 0.68.

Dollar Tree (NASDAQ:DLTR – Get Rating) last announced its earnings results on Wednesday, March 1st. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.01. Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The business had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.61 billion. During the same period in the prior year, the company posted $2.01 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Sell-side analysts anticipate that Dollar Tree, Inc. will post 6.6 EPS for the current fiscal year.

Dollar Tree Profile

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.