Confluence Investment Management LLC Cuts Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Confluence Investment Management LLC lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.2% in the fourth quarter, Holdings Channel reports. The fund owned 283,267 shares of the company’s stock after selling 15,566 shares during the period. Confluence Investment Management LLC’s holdings in Dollar Tree were worth $21,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new stake in shares of Dollar Tree in the 2nd quarter valued at $26,000. Eastern Bank purchased a new position in Dollar Tree in the third quarter valued at $34,000. First Horizon Advisors Inc. raised its stake in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares in the last quarter. Sunbelt Securities Inc. raised its stake in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 554 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Dollar Tree during the 3rd quarter worth about $48,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of Dollar Tree stock traded up $2.26 during trading on Thursday, hitting $77.20. 968,956 shares of the company were exchanged, compared to its average volume of 3,421,074. The firm has a 50 day moving average price of $68.95 and a 200 day moving average price of $81.85. The stock has a market capitalization of $16.60 billion, a price-to-earnings ratio of -16.18, a P/E/G ratio of 2.28 and a beta of 0.92. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the prior year, the business earned $0.97 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Morgan Stanley dropped their price target on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Telsey Advisory Group restated a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a research report on Friday, December 20th. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.58.

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.