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

Confluence Investment Management LLC reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,267 shares of the company's stock after selling 15,566 shares during the quarter. Confluence Investment Management LLC owned 0.13% of Dollar Tree worth $21,228,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Primecap Management Co. CA grew its position in shares of Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company's stock valued at $306,693,000 after purchasing an additional 957,275 shares during the period. Renaissance Technologies LLC boosted its holdings in Dollar Tree by 488.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company's stock worth $111,531,000 after buying an additional 867,054 shares during the last quarter. Equity Investment Corp increased its stake in Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock worth $107,264,000 after buying an additional 746,913 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Dollar Tree by 165.4% during the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company's stock valued at $109,803,000 after acquiring an additional 640,848 shares during the last quarter. Finally, Canoe Financial LP acquired a new position in shares of Dollar Tree during the third quarter valued at approximately $46,576,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLTR has been the subject of several research reports. StockNews.com upgraded Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Evercore ISI dropped 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 report on Tuesday, December 3rd. BMO Capital Markets raised 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. Guggenheim lowered their price target 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. Finally, Melius Research began coverage on shares of Dollar Tree in a report on Monday, September 23rd. They issued a "hold" rating and a $70.00 price objective for the company. Seventeen research 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 company currently has a consensus rating of "Hold" and an average price target of $85.58.

Dollar Tree Trading Up 2.0 %

Shares of NASDAQ:DLTR traded up $1.53 during mid-day trading on Thursday, reaching $76.47. 3,259,193 shares of the company were exchanged, compared to its average volume of 3,421,074. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm's 50-day simple moving average is $69.14 and its 200 day simple moving average is $81.81. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of -16.03, a P/E/G ratio of 2.28 and a beta of 0.92.

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