Quantinno Capital Management LP Cuts Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Quantinno Capital Management LP lowered its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 57.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,344 shares of the company's stock after selling 8,519 shares during the quarter. Quantinno Capital Management LP's holdings in Dollar Tree were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar Tree during the 2nd quarter valued at about $26,000. Eastern Bank purchased a new stake in Dollar Tree in the 3rd quarter worth approximately $34,000. First Horizon Advisors Inc. increased its holdings in Dollar Tree by 105.6% in 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 in the last quarter. Blue Trust Inc. increased its holdings in Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company's stock worth $46,000 after acquiring an additional 274 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Dollar Tree in the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Trading Down 1.0 %

DLTR traded down $0.74 during trading on Friday, reaching $70.09. The company had a trading volume of 2,640,734 shares, compared to its average volume of 3,447,120. The stock has a market cap of $15.07 billion, a P/E ratio of -14.69, a PEG ratio of 2.28 and a beta of 0.92. The business has a 50 day simple moving average of $67.69 and a 200-day simple moving average of $85.48. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. 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 (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate 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 revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DLTR shares. Redburn Atlantic raised shares of Dollar Tree to a "hold" rating in a report on Monday, September 23rd. Loop Capital increased their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. Sanford C. Bernstein started coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 target price for the company. Jefferies Financial Group increased their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Finally, UBS Group cut their price objective on shares of Dollar Tree from $155.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Seventeen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and a consensus price target 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.