Mutual of America Capital Management LLC Cuts Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Mutual of America Capital Management LLC lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,905 shares of the company’s stock after selling 1,253 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dollar Tree were worth $1,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DLTR. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree in the 2nd quarter valued at about $26,000. Mather Group LLC. raised its holdings in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares during the period. Eastern Bank acquired a new position in Dollar Tree during the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree during the second quarter worth approximately $37,000. Finally, Blue Trust Inc. raised its stake in shares of Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 274 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on DLTR shares. BMO Capital Markets decreased their price target on shares of Dollar Tree from $68.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 18th. Barclays lowered their target price on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Sanford C. Bernstein initiated coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price target on the stock. The Goldman Sachs Group lowered their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Finally, Evercore ISI reduced their target price on shares of Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $87.95.

Dollar Tree Trading Up 1.0 %

Shares of NASDAQ DLTR opened at $66.40 on Monday. The stock has a market capitalization of $14.28 billion, a P/E ratio of -13.61, a PEG ratio of 2.60 and a beta of 0.87. The stock’s 50 day moving average price is $67.75 and its two-hundred day moving average price is $90.05. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21.

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

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 28.86 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.80% of the company’s stock.

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.