LPL Financial LLC Has $4.41 Million Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

LPL Financial LLC lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,089 shares of the company’s stock after selling 3,942 shares during the quarter. LPL Financial LLC’s holdings in Dollar Tree were worth $4,413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Dollar Tree by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 3,194,952 shares of the company’s stock worth $288,077,000 after buying an additional 245,852 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Dollar Tree by 158.2% during the 1st quarter. SG Americas Securities LLC now owns 5,043 shares of the company’s stock worth $530,000 after buying an additional 3,090 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Dollar Tree in the 1st quarter valued at approximately $413,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Dollar Tree by 9.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 6,299 shares of the company’s stock valued at $663,000 after buying an additional 531 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Dollar Tree by 6.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 17,512 shares of the company’s stock valued at $1,840,000 after buying an additional 1,130 shares in the last quarter. 94.00% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. KeyCorp reiterated an “overweight” rating and set a $115.00 price target (up from $108.00) on shares of Dollar Tree in a research report on Friday, May 31st. BidaskClub raised Dollar Tree from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research raised Dollar Tree from a “sell” rating to a “hold” rating and set a $107.00 price objective for the company in a report on Monday, September 2nd. ValuEngine downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank lowered Dollar Tree from a “buy” rating to a “hold” rating and lowered their target price for the company from $106.00 to $99.00 in a report on Monday, August 5th. Thirteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $105.21.

In other news, CFO Kevin S. Wampler sold 20,470 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $109.83, for a total transaction of $2,248,220.10. Following the completion of the sale, the chief financial officer now directly owns 128,571 shares of the company’s stock, valued at approximately $14,120,952.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Saunders sold 11,470 shares of Dollar Tree stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $110.52, for a total value of $1,267,664.40. Following the completion of the transaction, the director now directly owns 2,394,164 shares in the company, valued at approximately $264,603,005.28. The disclosure for this sale can be found here. Insiders sold 58,942 shares of company stock valued at $6,486,822 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

DLTR stock traded up $1.71 during trading on Wednesday, reaching $111.64. 55,744 shares of the stock traded hands, compared to its average volume of 2,478,606. The firm has a market capitalization of $26.01 billion, a PE ratio of 20.50, a P/E/G ratio of 2.08 and a beta of 0.54. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 0.21. The business’s 50 day moving average price is $99.02 and its 200-day moving average price is $103.33. Dollar Tree, Inc. has a 52-week low of $78.78 and a 52-week high of $113.38.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 29th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.20). The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.72 billion. Dollar Tree had a negative net margin of 6.77% and a positive return on equity of 19.76%. Dollar Tree’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.23 earnings per share for the current year.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

Further Reading: Recession

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

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