Fiduciary Trust Co Sells 2,985 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Fiduciary Trust Co decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 46.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,482 shares of the company’s stock after selling 2,985 shares during the period. Fiduciary Trust Co’s holdings in Dollar Tree were worth $245,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in Dollar Tree during the 2nd quarter valued at approximately $26,000. Mather Group LLC. grew its position in shares of Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the last quarter. Eastern Bank purchased a new position in shares of Dollar Tree during the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar Tree during the second quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. lifted its stake in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares during the period. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DLTR shares. StockNews.com downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein started coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price target on the stock. The Goldman Sachs Group lowered their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Truist Financial reduced 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. Finally, Barclays decreased their target price on 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 analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $87.95.

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The trade was a 28.86 % increase in their position. The transaction 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 insiders.

Dollar Tree Trading Down 0.3 %

Shares of NASDAQ DLTR opened at $71.27 on Monday. The firm’s 50 day moving average price is $67.47 and its 200-day moving average price is $88.32. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The company has a market cap of $15.32 billion, a PE ratio of -14.60, a P/E/G ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. On average, equities research analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Dollar Tree Profile

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.