Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by First Trust Direct Indexing L.P.

Posted by on Sep 25th, 2023

First Trust Direct Indexing L.P. lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 14.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,418 shares of the company’s stock after selling 595 shares during the period. First Trust Direct Indexing L.P.’s holdings in Dollar Tree were worth $490,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new position in Dollar Tree during the fourth quarter valued at approximately $27,000. Massmutual Trust Co. FSB ADV increased its holdings in Dollar Tree by 92.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 200 shares of the company’s stock valued at $29,000 after purchasing an additional 96 shares in the last quarter. VitalStone Financial LLC purchased a new position in Dollar Tree in the first quarter valued at about $34,000. Alpha Paradigm Partners LLC acquired a new position in shares of Dollar Tree during the third quarter worth about $35,000. Finally, Fred Alger Management LLC acquired a new position in shares of Dollar Tree during the third quarter worth about $37,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $104.50 on Monday. The company has a current ratio of 1.48, a quick ratio of 0.20 and a debt-to-equity ratio of 0.38. Dollar Tree, Inc. has a twelve month low of $104.09 and a twelve month high of $170.36. The business has a 50 day simple moving average of $134.25 and a 200-day simple moving average of $141.59. The company has a market capitalization of $22.99 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 6.39 and a beta of 0.73.

Dollar Tree (NASDAQ:DLTR – Get Free Report) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Dollar Tree had a net margin of 4.16% and a return on equity of 14.24%. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.18 billion. During the same period last year, the firm posted $1.60 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts expect that Dollar Tree, Inc. will post 5.97 earnings per share for the current year.

Analyst Ratings Changes

DLTR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on Dollar Tree from $172.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, August 25th. Truist Financial dropped their price objective on shares of Dollar Tree from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, August 25th. Piper Sandler decreased their target price on shares of Dollar Tree from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, August 25th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $160.00 price target (down previously from $162.00) on shares of Dollar Tree in a research note on Monday, August 21st. Finally, Barclays decreased their price objective on shares of Dollar Tree from $138.00 to $128.00 and set an “equal weight” rating for the company in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $152.82.

View Our Latest Stock Report on DLTR

About Dollar Tree

(Free Report)

Dollar Tree, Inc operates discount variety retail 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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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