Amalgamated Bank Sells 7,357 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Amalgamated Bank decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,116 shares of the company's stock after selling 7,357 shares during the quarter. Amalgamated Bank's holdings in Dollar Tree were worth $7,403,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in DLTR. Cambridge Investment Research Advisors Inc. raised its position in Dollar Tree by 13.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,812 shares of the company's stock worth $3,706,000 after buying an additional 4,129 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Dollar Tree by 71.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 26,894 shares of the company's stock valued at $2,863,000 after purchasing an additional 11,188 shares during the period. Raymond James & Associates boosted its holdings in Dollar Tree by 2.2% in the 3rd quarter. Raymond James & Associates now owns 111,442 shares of the company's stock valued at $11,863,000 after purchasing an additional 2,434 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Dollar Tree by 22.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,875 shares of the company's stock valued at $412,000 after purchasing an additional 722 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Dollar Tree by 2.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,044 shares of the company's stock valued at $3,943,000 after purchasing an additional 959 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DLTR. Wells Fargo & Company lifted their price objective on Dollar Tree from $160.00 to $180.00 and gave the company an "overweight" rating in a report on Monday, March 4th. TheStreet downgraded shares of Dollar Tree from a "b-" rating to a "c" rating in a report on Wednesday, March 13th. Truist Financial decreased their price objective on shares of Dollar Tree from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, March 14th. KeyCorp raised shares of Dollar Tree from a "sector weight" rating to an "overweight" rating and set a $150.00 target price for the company in a report on Wednesday. Finally, Loop Capital decreased their price target on Dollar Tree from $195.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Dollar Tree has an average rating of "Moderate Buy" and an average target price of $150.05.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich acquired 1,000 shares of the firm's stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Daniel J. Heinrich acquired 1,000 shares of Dollar Tree stock in a transaction on Monday, March 18th. The shares were bought at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey A. Davis bought 1,800 shares of the stock in a transaction dated Monday, April 1st. The stock was bought at an average price of $136.00 per share, with a total value of $244,800.00. Following the purchase, the chief financial officer now owns 19,047 shares of the company's stock, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company's stock.

Dollar Tree Trading Up 0.8 %

Shares of DLTR traded up $0.95 on Friday, hitting $120.73. 1,471,110 shares of the stock traded hands, compared to its average volume of 2,381,356. Dollar Tree, Inc. has a 1 year low of $102.77 and a 1 year high of $161.10. The stock's 50 day moving average is $131.52 and its two-hundred day moving average is $129.53. The firm has a market capitalization of $26.32 billion, a P/E ratio of -26.13, a P/E/G ratio of 1.14 and a beta of 0.92. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same period last year, the company posted $2.04 EPS. The business's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 6.92 earnings per share for the current 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.