Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 4.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 39,018 shares of the company’s stock after selling 1,750 shares during the period. Amalgamated Bank’s holdings in Dollar Tree were worth $2,924,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Equity Investment Corp lifted its holdings in shares of Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after acquiring an additional 746,913 shares in the last quarter. State Street Corp lifted its stake in shares of Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after purchasing an additional 596,191 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Dollar Tree by 45.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock worth $95,994,000 after buying an additional 425,245 shares during the period. Forest Avenue Capital Management LP purchased a new stake in shares of Dollar Tree in the third quarter worth about $19,591,000. Finally, Scopia Capital Management LP acquired a new stake in shares of Dollar Tree in the third quarter valued at about $16,151,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup boosted their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a research report on Friday, December 20th. Jefferies Financial Group raised their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Evercore ISI dropped their price target on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Finally, Loop Capital upped their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Down 0.4 %

DLTR stock opened at $72.86 on Friday. The firm has a fifty day moving average price of $73.54 and a two-hundred day moving average price of $72.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of -15.27, a PEG ratio of 2.16 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current 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.