Live Oak Private Wealth LLC Lowers Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Live Oak Private Wealth LLC lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 119,222 shares of the company's stock after selling 66,886 shares during the quarter. Dollar Tree comprises approximately 1.5% of Live Oak Private Wealth LLC's investment portfolio, making the stock its 20th biggest holding. Live Oak Private Wealth LLC owned 0.06% of Dollar Tree worth $8,934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Alan B Lancz & Associates Inc. increased its position in shares of Dollar Tree by 6.6% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company's stock worth $229,000 after purchasing an additional 200 shares during the last quarter. AM Squared Ltd increased its position in shares of Dollar Tree by 12.5% during the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company's stock worth $127,000 after purchasing an additional 200 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position 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 during the last quarter. First Horizon Advisors Inc. increased its holdings 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 acquiring an additional 284 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Dollar Tree by 1.1% during the 4th quarter. KBC Group NV now owns 28,312 shares of the company's stock worth $2,122,000 after acquiring an additional 313 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Performance

NASDAQ:DLTR traded down $1.49 during trading on Tuesday, reaching $72.38. The company's stock had a trading volume of 763,096 shares, compared to its average volume of 2,637,166. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of -15.18, a price-to-earnings-growth ratio of 2.11 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. 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 firm has a 50 day moving average of $72.88 and a 200-day moving average of $75.20.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on DLTR shares. JPMorgan Chase & Co. upped their price objective on Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Citigroup upped their target price on Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Loop Capital upped their target price on Dollar Tree from $65.00 to $75.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. Sanford C. Bernstein assumed coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a "market perform" rating and a $76.00 price objective for the company. Finally, Evercore ISI dropped their target price on Dollar Tree from $94.00 to $92.00 and set an "in-line" rating for the company in a research report on Tuesday, December 3rd. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.