Franklin Resources Inc. Has $1.38 Million Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Franklin Resources Inc. trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 78.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,706 shares of the company's stock after selling 76,030 shares during the period. Franklin Resources Inc.'s holdings in Dollar Tree were worth $1,383,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Empower Advisory Group LLC boosted its position in Dollar Tree by 41.3% during the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company's stock valued at $46,393,000 after purchasing an additional 192,754 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company's stock worth $160,000 after purchasing an additional 1,797 shares in the last quarter. Equity Investment Corp boosted its holdings in shares of Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock valued at $107,264,000 after buying an additional 746,913 shares during the last quarter. Forest Avenue Capital Management LP bought a new position in shares of Dollar Tree in the third quarter valued at $19,591,000. Finally, Anthracite Investment Company Inc. acquired a new position in Dollar Tree during the third quarter worth $2,813,000. Institutional investors own 97.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on DLTR shares. Piper Sandler reiterated a "neutral" rating and issued a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Telsey Advisory Group reiterated a "market perform" rating and issued a $75.00 target price on shares of Dollar Tree in a research note on Friday, December 20th. The Goldman Sachs Group lowered their price target on Dollar Tree from $145.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, September 10th. JPMorgan Chase & Co. raised their price objective on Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Finally, Redburn Atlantic raised Dollar Tree to a "hold" rating in a report on Monday, September 23rd. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of "Hold" and an average price target of $85.58.

Dollar Tree Trading Down 0.3 %

Shares of DLTR traded down $0.20 during mid-day trading on Friday, reaching $75.99. 2,137,378 shares of the company were exchanged, compared to its average volume of 3,428,364. The business has a 50 day simple moving average of $68.46 and a two-hundred day simple moving average of $82.53. 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 market capitalization of $16.34 billion, a PE ratio of -15.93, a PEG ratio of 2.28 and a beta of 0.92. 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 posted 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 company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period in the prior year, the firm posted $0.97 EPS. The company's quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.