DAVENPORT & Co LLC Has $511,000 Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

DAVENPORT & Co LLC lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 34.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,814 shares of the company's stock after selling 3,561 shares during the period. DAVENPORT & Co LLC's holdings in Dollar Tree were worth $511,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Dollar Tree in the second quarter worth $779,000. Czech National Bank raised its stake in shares of Dollar Tree by 4.2% in the 3rd quarter. Czech National Bank now owns 41,159 shares of the company's stock valued at $2,894,000 after purchasing an additional 1,670 shares in the last quarter. Tobam raised its stake in shares of Dollar Tree by 46.2% in the 3rd quarter. Tobam now owns 8,040 shares of the company's stock valued at $565,000 after purchasing an additional 2,541 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Dollar Tree by 448.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,712 shares of the company's stock worth $120,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Dollar Tree by 62.6% during the third quarter. Inspire Investing LLC now owns 4,024 shares of the company's stock valued at $283,000 after acquiring an additional 1,549 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Trading Down 2.2 %

NASDAQ DLTR traded down $1.62 on Tuesday, hitting $72.24. 1,912,227 shares of the stock were exchanged, compared to its average volume of 2,681,745. The company's 50-day moving average price is $72.88 and its two-hundred day moving average price is $75.20. 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 52-week low of $60.49 and a 52-week high of $151.21. The company has a market capitalization of $15.53 billion, a price-to-earnings ratio of -15.14, a P/E/G ratio of 2.11 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. Research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Guggenheim reduced their target price on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, December 6th. Sanford C. Bernstein began coverage on Dollar Tree in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 price objective for the company. Loop Capital lifted their target price on Dollar Tree from $65.00 to $75.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Citigroup boosted their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets raised their price target on Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a report on Thursday, December 5th. Seventeen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $85.58.

About Dollar Tree

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.