Atomi Financial Group Inc. Sells 210 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Atomi Financial Group Inc. cut its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,893 shares of the company’s stock after selling 210 shares during the quarter. Atomi Financial Group Inc.’s holdings in Dollar Tree were worth $309,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new position in Dollar Tree during the fourth quarter worth $26,000. United Community Bank acquired a new position in shares of Dollar Tree during the 4th quarter worth about $27,000. Register Financial Advisors LLC bought a new stake in shares of Dollar Tree in the 1st quarter valued at about $28,000. Mather Group LLC. lifted its stake in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree during the second quarter worth about $37,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.80% of the stock is currently owned by insiders.

Dollar Tree Price Performance

Shares of DLTR traded up $0.37 during trading hours on Wednesday, hitting $95.77. 502,952 shares of the company were exchanged, compared to its average volume of 2,706,881. The company has a market cap of $20.59 billion, a price-to-earnings ratio of -20.78, a P/E/G ratio of 1.07 and a beta of 0.88. The firm’s fifty day moving average is $102.51 and its 200 day moving average is $118.66. Dollar Tree, Inc. has a fifty-two week low of $91.40 and a fifty-two week high of $151.21. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.43. The firm had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 earnings per share. On average, equities analysts anticipate that Dollar Tree, Inc. will post 6.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DLTR. UBS Group dropped their price objective on Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Piper Sandler cut Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $143.00 to $112.00 in a research note on Tuesday, July 16th. Morgan Stanley reduced their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Telsey Advisory Group dropped their price objective on shares of Dollar Tree from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Finally, 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, May 1st. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.50.

About Dollar Tree

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.