Huntington National Bank Sells 862 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Huntington National Bank reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 18.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,743 shares of the company’s stock after selling 862 shares during the period. Huntington National Bank’s holdings in Dollar Tree were worth $263,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DLTR. Empower Advisory Group LLC raised its position in shares of Dollar Tree by 41.3% in 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 in the last quarter. Farther Finance Advisors LLC raised its holdings in Dollar Tree by 374.4% in the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after purchasing an additional 1,797 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Dollar Tree during the second quarter valued at $779,000. Raymond James & Associates boosted 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 valued at $21,805,000 after buying an additional 138,415 shares in the last quarter. Finally, Forsta AP Fonden increased its stake in shares of Dollar Tree by 174.7% in 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 in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 2.2 %

Shares of DLTR stock opened at $64.20 on Friday. The stock has a market capitalization of $13.80 billion, a P/E ratio of -13.16, a P/E/G ratio of 2.75 and a beta of 0.87. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $67.95 and its 200 day moving average is $92.36. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. Research analysts expect that Dollar Tree, Inc. will post 5.34 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought 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 owns 9,823 shares in the company, valued at $670,616.21. This represents a 28.86 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on DLTR shares. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Telsey Advisory Group downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $95.00 to $75.00 in a research note on Tuesday, November 5th. Melius Research started coverage on Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective for the company. Wells Fargo & Company dropped their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Finally, UBS Group reduced their price target on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average target price of $88.11.

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.