ING Groep NV Sells 120,639 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

ING Groep NV lowered its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 74.2% during the third quarter, HoldingsChannel reports. The firm owned 42,028 shares of the company’s stock after selling 120,639 shares during the quarter. ING Groep NV’s holdings in Dollar Tree were worth $2,955,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Mather Group LLC. increased its holdings in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after purchasing an additional 187 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar Tree during the second quarter worth $37,000. Blue Trust Inc. increased its stake in shares of Dollar Tree by 174.5% during the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 274 shares during the last quarter. Eastern Bank acquired a new position in Dollar Tree during the third quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Dollar Tree by 29.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after acquiring an additional 110 shares during the last quarter. 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 research reports. The Goldman Sachs Group lowered their target price on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Sanford C. Bernstein began coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 target price for the company. BMO Capital Markets lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $130.00 to $68.00 in a research report on Thursday, September 5th. KeyCorp downgraded shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, Piper Sandler lowered their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.11.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Dollar Tree Stock Down 2.2 %

DLTR stock opened at $64.20 on Friday. The firm has a 50-day moving average price of $67.95 and a 200-day moving average price of $92.36. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $13.80 billion, a P/E ratio of -13.16, a price-to-earnings-growth ratio of 2.75 and a beta of 0.87.

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