Mondrian Investment Partners LTD Sells 35,178 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Mondrian Investment Partners LTD trimmed its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.2% in the second quarter, Holdings Channel reports. The fund owned 1,065,779 shares of the company’s stock after selling 35,178 shares during the period. Mondrian Investment Partners LTD’s holdings in Dollar Tree were worth $111,203,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Capital International Investors raised its stake in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after purchasing an additional 2,445,827 shares during the period. Norges Bank acquired a new stake in Dollar Tree in the 4th quarter valued at approximately $333,373,000. FIL Ltd lifted its stake in Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after acquiring an additional 1,566,392 shares in the last quarter. National Bank of Canada FI boosted its position in Dollar Tree by 223.4% during the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock worth $188,379,000 after acquiring an additional 977,313 shares during the last quarter. Finally, Primecap Management Co. CA grew its stake in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after acquiring an additional 957,275 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on DLTR shares. Wells Fargo & Company cut their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Piper Sandler decreased their price objective on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Morgan Stanley dropped their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. lowered Dollar Tree from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $111.00 to $70.00 in a research report on Wednesday, September 4th. Finally, Loop Capital downgraded Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $92.53.

Insider Activity

In related news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now directly owns 9,725 shares in the company, valued at approximately $1,026,765.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Robert Aflatooni sold 827 shares of the stock in a transaction on Tuesday, June 25th. The stock was 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 directly owns 9,725 shares in the company, valued at $1,026,765.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by insiders.

Dollar Tree Stock Up 2.2 %

Shares of DLTR opened at $73.50 on Wednesday. The company has a market cap of $15.80 billion, a P/E ratio of -16.01, a P/E/G ratio of 2.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The firm has a 50 day simple moving average of $92.62 and a two-hundred day simple moving average of $110.89. Dollar Tree, Inc. has a one year low of $60.81 and a one year 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 for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. Research analysts forecast that Dollar Tree, Inc. will post 5.33 EPS for the current fiscal year.

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.