Amundi Lowers Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Amundi decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,086,903 shares of the company's stock after selling 41,904 shares during the quarter. Amundi owned about 0.51% of Dollar Tree worth $78,224,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DLTR. Principal Financial Group Inc. raised its stake in Dollar Tree by 0.6% during the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company's stock valued at $16,346,000 after purchasing an additional 1,485 shares in the last quarter. SpiderRock Advisors LLC purchased a new stake in Dollar Tree during the third quarter valued at $489,000. Atria Investments Inc raised its stake in Dollar Tree by 16.4% during the third quarter. Atria Investments Inc now owns 15,927 shares of the company's stock valued at $1,120,000 after purchasing an additional 2,244 shares in the last quarter. Chartwell Investment Partners LLC raised its stake in Dollar Tree by 46.5% during the third quarter. Chartwell Investment Partners LLC now owns 28,169 shares of the company's stock valued at $1,981,000 after purchasing an additional 8,935 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Dollar Tree by 82.0% during the third quarter. Venturi Wealth Management LLC now owns 4,721 shares of the company's stock valued at $332,000 after purchasing an additional 2,127 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Down 2.6 %

Shares of Dollar Tree stock opened at $65.69 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $150.74. The firm's 50-day moving average is $72.63 and its two-hundred day moving average is $71.29. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of -13.77, a PEG ratio of 2.16 and a beta of 0.91.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DLTR. Piper Sandler reaffirmed a "neutral" rating and set a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Evercore ISI cut their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 3rd. BMO Capital Markets boosted their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a research report on Thursday, December 5th. Citigroup boosted their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Finally, Guggenheim cut their price objective 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. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $84.79.

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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.

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