American Century Companies Inc. Sells 41,950 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

American Century Companies Inc. trimmed its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,098,425 shares of the company's stock after selling 41,950 shares during the period. American Century Companies Inc. owned 0.98% of Dollar Tree worth $157,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLTR. Forest Avenue Capital Management LP purchased a new stake in Dollar Tree in the third quarter valued at $19,591,000. Pekin Hardy Strauss Inc. purchased a new stake in Dollar Tree in the 3rd quarter valued at about $5,235,000. Pzena Investment Management LLC acquired a new position in Dollar Tree in the fourth quarter valued at about $520,000. Citigroup Inc. boosted its stake in Dollar Tree by 30.3% during the third quarter. Citigroup Inc. now owns 449,763 shares of the company's stock worth $31,627,000 after buying an additional 104,684 shares during the period. Finally, Empower Advisory Group LLC boosted its stake in Dollar Tree by 15.3% during the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after buying an additional 100,676 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Dollar Tree stock traded up $7.74 during midday trading on Thursday, hitting $76.95. The company's stock had a trading volume of 14,373,850 shares, compared to its average volume of 3,496,672. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $137.14. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $16.54 billion, a PE ratio of -16.13, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The stock's 50-day moving average price is $71.03 and its 200-day moving average price is $70.13.

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Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. During the same period in the prior year, the company earned $2.55 earnings per share. The company's revenue for the quarter was up .7% on a year-over-year basis. Analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of research analyst reports. Guggenheim lowered their target price on Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday, December 6th. Wells Fargo & Company lowered their price objective on shares of Dollar Tree from $100.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. UBS Group decreased their price target on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Evercore ISI boosted their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $83.68.

Dollar Tree 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.