Van ECK Associates Corp Sells 760 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Van ECK Associates Corp reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,840 shares of the company’s stock after selling 760 shares during the quarter. Van ECK Associates Corp’s holdings in Dollar Tree were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC bought a new position in Dollar Tree during the second quarter worth about $26,000. Mather Group LLC. raised 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 valued at $30,000 after acquiring an additional 187 shares during the period. Eastern Bank bought a new position in Dollar Tree during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar Tree during the second quarter valued at approximately $37,000. Finally, Blue Trust Inc. increased its stake in Dollar Tree by 174.5% in the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 274 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the business’s 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 acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 6.80% of the stock is currently owned by corporate insiders.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $61.21 on Tuesday. Dollar Tree, Inc. has a 12 month low of $60.52 and a 12 month high of $151.21. The stock has a 50 day moving average of $68.87 and a 200-day moving average of $93.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data 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 positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts expect that Dollar Tree, Inc. will post 5.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Piper Sandler decreased their target price on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. The Goldman Sachs Group cut their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Telsey Advisory Group cut Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $95.00 to $75.00 in a research note on Tuesday, November 5th. Finally, Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Dollar Tree has an average rating of “Hold” and a consensus target price of $88.11.

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.