Intech Investment Management LLC Has $2.35 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Intech Investment Management LLC reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 87.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,393 shares of the company's stock after selling 225,745 shares during the period. Intech Investment Management LLC's holdings in Dollar Tree were worth $2,353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Madison Investment Advisors LLC bought a new position in shares of Dollar Tree in the 4th quarter valued at $113,315,000. Primecap Management Co. CA raised its position in Dollar Tree by 31.3% in the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock valued at $298,143,000 after purchasing an additional 947,580 shares during the last quarter. State Street Corp raised its position in Dollar Tree by 6.8% in the third 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. Kovitz Investment Group Partners LLC boosted its stake in shares of Dollar Tree by 45.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company's stock valued at $95,994,000 after purchasing an additional 425,245 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Dollar Tree by 111.0% during the fourth quarter. Natixis Advisors LLC now owns 650,493 shares of the company's stock worth $48,748,000 after purchasing an additional 342,196 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a research report on Thursday, December 5th. Loop Capital boosted their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. UBS Group lowered their target price on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday. Citigroup lifted their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $75.00 price target on shares of Dollar Tree in a research note on Thursday, March 6th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $83.89.

Dollar Tree Stock Down 3.7 %

Shares of NASDAQ DLTR traded down $2.60 during trading on Tuesday, hitting $67.14. 5,238,644 shares of the company traded hands, compared to its average volume of 3,386,740. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of -14.08, a P/E/G ratio of 2.16 and a beta of 0.91. The business's fifty day moving average is $71.12 and its 200 day moving average is $70.13. 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 fifty-two week low of $60.49 and a fifty-two week high of $137.14.

Dollar Tree Company 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.