Lifeworks Advisors LLC Acquires 614 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Lifeworks Advisors LLC increased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 11.4% during the 3rd quarter, Holdings Channel reports. The firm owned 5,993 shares of the company’s stock after buying an additional 614 shares during the period. Lifeworks Advisors LLC’s holdings in Dollar Tree were worth $421,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DLTR. Farther Finance Advisors LLC boosted its position in Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after acquiring an additional 1,797 shares in the last quarter. Empower Advisory Group LLC grew its holdings in shares of Dollar Tree by 41.3% during the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after acquiring an additional 192,754 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Dollar Tree during the 2nd quarter worth approximately $779,000. Raymond James & Associates grew its holdings in shares of Dollar Tree by 80.6% during the 3rd quarter. Raymond James & Associates now owns 310,084 shares of the company’s stock worth $21,805,000 after acquiring an additional 138,415 shares during the period. Finally, Forsta AP Fonden grew its holdings in shares of Dollar Tree by 174.7% during the 3rd quarter. Forsta AP Fonden now owns 98,600 shares of the company’s stock worth $6,934,000 after acquiring an additional 62,700 shares during the period. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup reduced their target price on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Sanford C. Bernstein assumed coverage on Dollar Tree in a report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price on the stock. Guggenheim reduced their target price on Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Morgan Stanley cut their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Finally, BMO Capital Markets downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $130.00 to $68.00 in a research note on Thursday, September 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $88.11.

Insider Buying and Selling

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. The trade was a 28.86 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 6.80% of the stock is currently owned by company insiders.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $65.67 on Friday. The business has a 50-day moving average price of $68.05 and a 200-day moving average price of $92.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month 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 analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 5.34 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.