Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Asset Dedication LLC

Asset Dedication LLC lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 39.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342 shares of the company’s stock after selling 227 shares during the quarter. Asset Dedication LLC’s holdings in Dollar Tree were worth $26,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alan B Lancz & Associates Inc. grew its position in shares of Dollar Tree by 6.6% during the third quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock worth $229,000 after buying an additional 200 shares in the last quarter. AM Squared Ltd grew its holdings in Dollar Tree by 12.5% during the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock worth $127,000 after acquiring an additional 200 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Dollar Tree by 1.1% during the 4th quarter. KBC Group NV now owns 28,312 shares of the company’s stock worth $2,122,000 after purchasing an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DLTR shares. Citigroup raised their price target on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. BMO Capital Markets boosted their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Jefferies Financial Group boosted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Guggenheim dropped their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Seventeen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Dollar Tree currently has a consensus rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $74.50 on Friday. The firm’s fifty day moving average price is $72.26 and its 200 day moving average price is $77.18. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm has a market cap of $16.02 billion, a price-to-earnings ratio of -15.62, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last released its earnings results 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 negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter last year, the business earned $0.97 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS 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.