Mirabella Financial Services LLP Sells 29,404 Shares of Dollar Tree, Inc. $DLTR

Mirabella Financial Services LLP lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 93.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,136 shares of the company’s stock after selling 29,404 shares during the period. Mirabella Financial Services LLP’s holdings in Dollar Tree were worth $202,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in shares of Dollar Tree by 3,237.4% during the first quarter. NewEdge Advisors LLC now owns 13,750 shares of the company’s stock worth $1,032,000 after purchasing an additional 13,338 shares during the period. Woodline Partners LP lifted its stake in Dollar Tree by 40.7% in the first quarter. Woodline Partners LP now owns 17,078 shares of the company’s stock valued at $1,282,000 after buying an additional 4,941 shares during the period. Focus Partners Wealth boosted its holdings in Dollar Tree by 2.0% during the first quarter. Focus Partners Wealth now owns 10,646 shares of the company’s stock worth $799,000 after buying an additional 213 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Dollar Tree during the second quarter worth about $257,000. Finally, Allworth Financial LP grew its position in shares of Dollar Tree by 75.6% during the 2nd quarter. Allworth Financial LP now owns 815 shares of the company’s stock worth $81,000 after buying an additional 351 shares during the period. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays reaffirmed an “overweight” rating on shares of Dollar Tree in a research note on Monday. Truist Financial decreased their price objective on shares of Dollar Tree from $156.00 to $142.00 and set a “buy” rating for the company in a report on Monday. Rothschild & Co Redburn set a $165.00 target price on shares of Dollar Tree and gave the company a “buy” rating in a research note on Tuesday, February 17th. Evercore upgraded shares of Dollar Tree to a “hold” rating in a report on Tuesday, February 3rd. Finally, Morgan Stanley reduced their price target on shares of Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $123.24.

Read Our Latest Analysis on Dollar Tree

Dollar Tree Price Performance

NASDAQ DLTR opened at $105.92 on Friday. The business has a 50 day simple moving average of $123.67 and a 200 day simple moving average of $112.73. Dollar Tree, Inc. has a 52-week low of $61.87 and a 52-week high of $142.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.22 and a current ratio of 1.07. The stock has a market cap of $20.90 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.32 and a beta of 0.73.

Dollar Tree (NASDAQ:DLTRGet Free Report) last announced its quarterly earnings results on Monday, March 16th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.46 billion. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.11 earnings per share. Analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Key Stories Impacting Dollar Tree

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About Dollar Tree

(Free Report)

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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