Chevy Chase Trust Holdings LLC Trims Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Chevy Chase Trust Holdings LLC lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,329 shares of the company’s stock after selling 4,814 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Dollar Tree worth $7,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers boosted its position in shares of Dollar Tree by 203.5% in the first quarter. Cetera Investment Advisers now owns 12,596 shares of the company’s stock worth $1,677,000 after purchasing an additional 8,446 shares during the period. Cetera Advisors LLC boosted its holdings in Dollar Tree by 119.7% in the 1st quarter. Cetera Advisors LLC now owns 3,234 shares of the company’s stock worth $431,000 after buying an additional 1,762 shares during the period. Mather Group LLC. increased its stake in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Dollar Tree by 82.3% during the second quarter. Park Avenue Securities LLC now owns 15,011 shares of the company’s stock valued at $1,603,000 after acquiring an additional 6,779 shares during the period. Finally, Czech National Bank lifted its position in shares of Dollar Tree by 8.4% in the second quarter. Czech National Bank now owns 39,489 shares of the company’s stock valued at $4,216,000 after acquiring an additional 3,071 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $72.56 on Friday. 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 firm has a market capitalization of $15.60 billion, a P/E ratio of -15.21, a PEG ratio of 2.87 and a beta of 0.92. The stock has a 50-day simple moving average of $67.58 and a two-hundred day simple moving average of $87.46.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Dollar Tree, Inc. will post 5.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several recent analyst reports. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. UBS Group reduced their price objective on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group upped their price objective on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday. Seventeen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $86.63.

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.