Smithbridge Asset Management Inc. DE Sells 2,502 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Smithbridge Asset Management Inc. DE trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 15.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,112 shares of the company’s stock after selling 2,502 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Dollar Tree were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new stake in Dollar Tree during the fourth quarter worth about $26,000. United Community Bank bought a new stake in Dollar Tree during the fourth quarter worth about $27,000. Register Financial Advisors LLC bought a new stake in Dollar Tree during the first quarter worth about $28,000. Mather Group LLC. grew its stake in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar Tree during the second quarter worth about $37,000. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DLTR. Citigroup lowered shares of Dollar Tree from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $163.00 to $120.00 in a research report on Thursday, June 6th. UBS Group reduced their target price on shares of Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. JPMorgan Chase & Co. upped their target price on shares of Dollar Tree from $135.00 to $148.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Truist Financial reduced their target price on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Finally, Wells Fargo & Company reduced their target price on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree currently has an average rating of “Moderate Buy” and an average target price of $141.55.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded up $1.59 during mid-day trading on Friday, reaching $98.78. 1,901,420 shares of the company were exchanged, compared to its average volume of 2,741,350. The company’s 50-day simple moving average is $103.69 and its 200-day simple moving average is $120.42. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $21.23 billion, a P/E ratio of -21.52, a P/E/G ratio of 1.07 and a beta of 0.88. Dollar Tree, Inc. has a twelve month low of $91.40 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.43. The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. Dollar Tree’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.47 EPS. As a group, research analysts predict that Dollar Tree, Inc. will post 6.63 earnings per share for the current year.

Insiders Place Their Bets

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the sale, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Company 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.