Forsta AP Fonden Sells 57,200 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Forsta AP Fonden decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,400 shares of the company's stock after selling 57,200 shares during the period. Forsta AP Fonden's holdings in Dollar Tree were worth $3,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dollar Tree by 101.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,960 shares of the company's stock worth $316,000 after purchasing an additional 1,490 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Dollar Tree in the 2nd quarter valued at about $779,000. Czech National Bank raised its stake in Dollar Tree by 4.2% during the third quarter. Czech National Bank now owns 41,159 shares of the company's stock worth $2,894,000 after purchasing an additional 1,670 shares during the period. Park Avenue Securities LLC raised its stake in shares of Dollar Tree by 9.6% in the 3rd quarter. Park Avenue Securities LLC now owns 16,458 shares of the company's stock valued at $1,157,000 after acquiring an additional 1,447 shares during the period. Finally, Chemistry Wealth Management LLC boosted its stake in shares of Dollar Tree by 20.3% in the third quarter. Chemistry Wealth Management LLC now owns 6,260 shares of the company's stock valued at $440,000 after purchasing an additional 1,055 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

Shares of NASDAQ DLTR traded down $0.08 during midday trading on Wednesday, reaching $74.23. The stock had a trading volume of 2,591,262 shares, compared to its average volume of 2,825,341. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock has a 50-day moving average of $72.72 and a 200-day moving average of $76.08. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of -15.56, a price-to-earnings-growth ratio of 2.34 and a beta of 0.89. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion for 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%. Dollar Tree's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 EPS. As a group, research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. KeyCorp lowered shares of Dollar Tree from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 7th. Sanford C. Bernstein assumed coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 price target for the company. Guggenheim dropped their price target on Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday, December 6th. Finally, Jefferies Financial Group boosted their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $85.58.

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.