Candriam S.C.A. grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 43.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,617 shares of the company's stock after purchasing an additional 4,445 shares during the period. Candriam S.C.A.'s holdings in Dollar Tree were worth $1,095,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp grew its position in Dollar Tree by 6.8% in the third quarter. State Street Corp now owns 9,427,910 shares of the company's stock worth $662,971,000 after acquiring an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. raised its position in Dollar Tree by 0.5% in the third quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company's stock worth $487,987,000 after purchasing an additional 35,862 shares in the last quarter. Primecap Management Co. CA boosted its holdings in Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company's stock valued at $213,129,000 after purchasing an additional 158,385 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Dollar Tree by 9.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company's stock worth $129,724,000 after buying an additional 165,398 shares during the period. Finally, Equity Investment Corp boosted its stake in shares of Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock valued at $107,264,000 after purchasing an additional 746,913 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DLTR has been the subject of a number of research analyst reports. Evercore ISI cut their target price on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating for the company in a research note on Tuesday, December 3rd. Guggenheim decreased their target price on Dollar Tree from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, December 6th. Jefferies Financial Group upped their price target 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. BMO Capital Markets raised 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. Finally, StockNews.com upgraded shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $84.79.
Check Out Our Latest Report on DLTR
Dollar Tree Trading Down 1.5 %
Shares of DLTR stock traded down $1.00 on Wednesday, hitting $64.69. The stock had a trading volume of 1,640,502 shares, compared to its average volume of 3,441,756. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $150.74. The company has a fifty day moving average price of $72.63 and a two-hundred day moving average price of $71.29. The firm has a market cap of $13.91 billion, a P/E ratio of -13.56, a PEG ratio of 2.16 and a beta of 0.91.
Dollar Tree Company Profile
(
Free Report)
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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