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

Fiduciary Trust Co trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 46.2% during the 3rd quarter, HoldingsChannel reports. The firm 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 filing with the SEC.

A number of other large investors have also made changes to their positions in DLTR. EverSource Wealth Advisors LLC increased its stake in shares of Dollar Tree by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares in the last quarter. Valeo Financial Advisors LLC increased its position in Dollar Tree by 2.1% in the second quarter. Valeo Financial Advisors LLC now owns 5,650 shares of the company’s stock worth $603,000 after buying an additional 116 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Dollar Tree by 2.5% in the second quarter. Raymond James Trust N.A. now owns 4,996 shares of the company’s stock worth $533,000 after buying an additional 124 shares during the period. UMB Bank n.a. lifted its position in shares of Dollar Tree by 52.0% during the 2nd quarter. UMB Bank n.a. now owns 535 shares of the company’s stock valued at $57,000 after buying an additional 183 shares in the last quarter. Finally, Mather Group LLC. grew its stake in shares of Dollar Tree by 198.9% during 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. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. 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 began coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 target price for the company. The Goldman Sachs Group decreased their price target on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Finally, Truist Financial dropped their price objective on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $87.95.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich purchased 2,200 shares of the business’s stock in a transaction that occurred 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 acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is currently owned by insiders.

Dollar Tree Stock Performance

Dollar Tree stock opened at $71.27 on Monday. The company’s 50-day moving average price is $67.47 and its 200-day moving average price is $88.32. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The company has a market cap of $15.32 billion, a PE ratio of -14.60, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21.

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

About Dollar Tree

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.