Geode Capital Management LLC Decreases Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Geode Capital Management LLC trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,887,500 shares of the company's stock after selling 61,717 shares during the period. Geode Capital Management LLC owned about 2.27% of Dollar Tree worth $342,534,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DLTR. State Street Corp increased its position in shares of Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock valued at $662,971,000 after purchasing an additional 596,191 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings 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 valued at $487,987,000 after buying an additional 35,862 shares during the last quarter. Primecap Management Co. CA increased its holdings in Dollar Tree by 5.5% in the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company's stock valued at $213,129,000 after buying an additional 158,385 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Dollar Tree by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company's stock valued at $266,124,000 after buying an additional 138,042 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Dollar Tree by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company's stock worth $213,958,000 after buying an additional 124,021 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DLTR shares. Truist Financial increased their price objective on Dollar Tree from $79.00 to $83.00 and gave the company a "buy" rating in a report on Thursday, December 5th. 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 report on Friday, December 6th. UBS Group lowered their target price on shares of Dollar Tree from $155.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, September 5th. BMO Capital Markets lifted their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group reduced their price target on shares of Dollar Tree from $145.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, September 10th. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $85.58.

Dollar Tree Stock Performance

Dollar Tree stock traded down $0.74 during trading hours on Friday, reaching $70.09. 2,640,734 shares of the stock were exchanged, compared to its average volume of 3,447,120. The stock has a market cap of $15.07 billion, a P/E ratio of -14.69, a P/E/G ratio of 2.28 and a beta of 0.92. The firm's 50 day moving average is $67.69 and its 200 day moving average is $85.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21.

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

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.