Fmr LLC Has $1.62 Billion Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Fmr LLC lowered its position in Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 8.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,419,684 shares of the company’s stock after selling 936,140 shares during the period. Fmr LLC owned 4.64% of Dollar Tree worth $1,623,907,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its position in Dollar Tree by 15.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,225 shares of the company’s stock worth $356,000 after purchasing an additional 303 shares during the period. Prospera Financial Services Inc boosted its position in shares of Dollar Tree by 60.3% in the first quarter. Prospera Financial Services Inc now owns 13,492 shares of the company’s stock valued at $2,161,000 after acquiring an additional 5,073 shares during the period. State of Michigan Retirement System boosted its position in shares of Dollar Tree by 0.3% in the first quarter. State of Michigan Retirement System now owns 56,769 shares of the company’s stock valued at $9,092,000 after acquiring an additional 184 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of Dollar Tree by 33.5% in the first quarter. Advisor Group Holdings Inc. now owns 51,018 shares of the company’s stock valued at $7,018,000 after acquiring an additional 12,796 shares during the period. Finally, Dowling & Yahnke LLC bought a new stake in shares of Dollar Tree in the first quarter valued at approximately $204,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

DLTR has been the subject of several research reports. UBS Group raised their target price on Dollar Tree from $171.00 to $177.00 in a research report on Wednesday. TheStreet raised Dollar Tree from a “c+” rating to a “b-” rating in a research report on Monday, October 31st. OTR Global raised Dollar Tree from a “mixed” rating to a “positive” rating in a research report on Wednesday, November 16th. Gordon Haskett set a $163.00 target price on Dollar Tree in a research report on Tuesday. Finally, StockNews.com began coverage on Dollar Tree in a research note on Wednesday, October 12th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Moderate Buy” and an average target price of $168.24.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR traded down $2.23 during midday trading on Thursday, reaching $150.14. The company’s stock had a trading volume of 2,748,592 shares, compared to its average volume of 2,432,106. Dollar Tree, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $177.19. The company has a market capitalization of $33.62 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.34 and a beta of 0.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 0.22. The business’s fifty day simple moving average is $148.45 and its 200-day simple moving average is $153.97.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.02. The business had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Dollar Tree had a return on equity of 19.82% and a net margin of 5.84%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 earnings per share. As a group, equities research analysts expect that Dollar Tree, Inc. will post 7.2 EPS for the current fiscal year.

About Dollar Tree

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Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

See Also

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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