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

Huntington National Bank cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 18.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,743 shares of the company’s stock after selling 862 shares during the quarter. Huntington National Bank’s holdings in Dollar Tree were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Mount Yale Investment Advisors LLC lifted its holdings in shares of Dollar Tree by 4.9% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,985 shares of the company’s stock worth $264,000 after buying an additional 93 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Dollar Tree by 29.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock worth $65,000 after purchasing an additional 110 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in Dollar Tree by 2.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 5,650 shares of the company’s stock valued at $603,000 after purchasing an additional 116 shares during the period. Raymond James Trust N.A. grew its position in shares of Dollar Tree by 2.5% during the 2nd quarter. Raymond James Trust N.A. now owns 4,996 shares of the company’s stock valued at $533,000 after purchasing an additional 124 shares in the last quarter. Finally, Burney Co. increased its holdings in shares of Dollar Tree by 1.4% in the first quarter. Burney Co. now owns 9,598 shares of the company’s stock worth $1,278,000 after purchasing an additional 131 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of 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. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The stock has a 50 day moving average price of $67.95 and a two-hundred day moving average price of $92.36.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS 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 the consensus estimate 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 quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. Analysts expect that Dollar Tree, Inc. will post 5.34 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DLTR shares. Evercore ISI dropped their price objective on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. Wells Fargo & Company decreased their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Melius Research started coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 target price on the stock. Citigroup cut their price target on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, Barclays lowered their price objective on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Sixteen investment 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, the stock has an average rating of “Hold” and an average target price of $88.11.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $68.27 per share, for a total transaction of $150,194.00. Following 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.80% of the stock is owned by insiders.

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.