Essex Investment Management Co. LLC Sells 4,398 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Essex Investment Management Co. LLC trimmed its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,444 shares of the company's stock after selling 4,398 shares during the period. Essex Investment Management Co. LLC's holdings in Dollar Tree were worth $633,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Dollar Tree in the 4th quarter worth about $30,000. Parkside Financial Bank & Trust raised its stake in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after purchasing an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock worth $39,000 after purchasing an additional 284 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

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Dollar Tree Stock Performance

Shares of DLTR stock traded down $3.77 during mid-day trading on Wednesday, reaching $61.92. The stock had a trading volume of 4,515,563 shares, compared to its average volume of 3,453,652. The firm's 50 day simple moving average is $72.37 and its 200 day simple moving average is $71.23. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $137.14. The firm has a market cap of $13.31 billion, a PE ratio of -12.98, a P/E/G ratio of 2.16 and a beta of 0.91.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group raised their price target on Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. BMO Capital Markets increased their price objective on Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a report on Thursday, December 5th. Loop Capital increased their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a "hold" rating in a report on Thursday, December 5th. Telsey Advisory Group reissued a "market perform" rating and set a $75.00 price objective on shares of Dollar Tree in a report on Thursday, March 6th. Finally, Wells Fargo & Company lowered their price objective on Dollar Tree from $100.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Dollar Tree has an average rating of "Hold" and a consensus target price of $84.79.

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.