Handelsbanken Fonder AB Reduces Position in Dollar Tree, Inc. $DLTR

Handelsbanken Fonder AB reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 43.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,279 shares of the company’s stock after selling 25,617 shares during the quarter. Handelsbanken Fonder AB’s holdings in Dollar Tree were worth $3,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLTR. Root Financial Partners LLC purchased a new position in Dollar Tree in the 3rd quarter valued at about $29,000. True Wealth Design LLC raised its position in shares of Dollar Tree by 372.5% in the second quarter. True Wealth Design LLC now owns 378 shares of the company’s stock valued at $37,000 after buying an additional 298 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Dollar Tree by 90.5% during the third quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock valued at $40,000 after buying an additional 201 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Dollar Tree during the third quarter valued at approximately $41,000. Finally, MTM Investment Management LLC acquired a new stake in Dollar Tree during the second quarter worth approximately $42,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

DLTR has been the topic of a number of recent analyst reports. Telsey Advisory Group set a $150.00 price target on Dollar Tree in a research note on Wednesday, December 17th. Wells Fargo & Company increased their target price on Dollar Tree from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $126.00 price target on shares of Dollar Tree in a research note on Thursday, January 8th. Rothschild & Co Redburn set a $165.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a $75.00 price objective on shares of Dollar Tree in a report on Wednesday, December 3rd. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, Dollar Tree has an average rating of “Hold” and an average target price of $124.62.

Dollar Tree Stock Down 1.2%

DLTR opened at $118.41 on Wednesday. Dollar Tree, Inc. has a 1 year low of $61.80 and a 1 year high of $142.40. The firm has a 50 day moving average price of $127.40 and a 200 day moving average price of $112.71. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96. The company has a market cap of $23.55 billion, a PE ratio of -8.80, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.12. Dollar Tree had a negative net margin of 15.40% and a positive return on equity of 30.23%. The company had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. Dollar Tree’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling

In other Dollar Tree news, insider Brent A. Beebe sold 2,200 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $124.65, for a total transaction of $274,230.00. Following the transaction, the insider owned 13,740 shares in the company, valued at $1,712,691. The trade was a 13.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.60% of the stock is owned by company insiders.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.