Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 7.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,918 shares of the company’s stock after selling 694 shares during the period. Crossmark Global Holdings Inc.’s holdings in Dollar Tree were worth $627,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DLTR. Primecap Management Co. CA raised its stake in Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after purchasing an additional 957,275 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Dollar Tree by 14.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock worth $377,804,000 after buying an additional 348,442 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Dollar Tree by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after acquiring an additional 138,042 shares during the last quarter. American Century Companies Inc. grew its position in Dollar Tree by 6.6% during the second quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after acquiring an additional 124,021 shares during the period. Finally, Burgundy Asset Management Ltd. increased its stake in Dollar Tree by 0.7% during the first quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock worth $246,526,000 after acquiring an additional 12,845 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Telsey Advisory Group lowered Dollar Tree from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $95.00 to $75.00 in a research note on Tuesday, November 5th. Melius Research assumed coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective for the company. Barclays dropped their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. UBS Group reduced their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Sanford C. Bernstein assumed coverage on Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price target for the company. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average price target of $88.11.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents 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. 6.80% of the stock is currently owned by insiders.

Dollar Tree Stock Down 2.2 %

DLTR stock opened at $64.20 on Friday. The company has a market capitalization of $13.80 billion, a P/E ratio of -13.16, a PEG ratio of 2.75 and a beta of 0.87. The firm has a 50 day simple moving average of $68.00 and a 200-day simple moving average of $92.74. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share 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 company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same period in the previous year, the firm posted $0.91 EPS. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.34 earnings per share 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.