Sentry Investment Management LLC Sells 186 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Sentry Investment Management LLC decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 17.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 908 shares of the company’s stock after selling 186 shares during the period. Sentry Investment Management LLC’s holdings in Dollar Tree were worth $97,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DLTR. ICA Group Wealth Management LLC bought a new stake in Dollar Tree during the 4th quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Dollar Tree during the 2nd quarter valued at $26,000. United Community Bank bought a new position in shares of Dollar Tree in the fourth quarter worth $27,000. Register Financial Advisors LLC purchased a new stake in shares of Dollar Tree in the first quarter worth $28,000. Finally, Mather Group LLC. boosted its stake in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. KeyCorp decreased their target price on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. The Goldman Sachs Group lowered their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday. Telsey Advisory Group cut their price target on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Barclays lowered their price objective on shares of 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. Finally, Piper Sandler cut their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $92.53.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $67.89 on Friday. The company has a market capitalization of $14.59 billion, a P/E ratio of -14.79, a PEG ratio of 2.81 and a beta of 0.88. Dollar Tree, Inc. has a fifty-two week low of $60.81 and a fifty-two 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 stock has a 50 day moving average price of $94.67 and a two-hundred day moving average price of $112.97.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same period in the previous year, the company earned $0.91 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts expect that Dollar Tree, Inc. will post 5.34 earnings per share for the current year.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the sale, the insider now owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. The disclosure for this purchase can be found here. 6.80% of the stock is owned by insiders.

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.