Renaissance Technologies LLC Has $23.97 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Renaissance Technologies LLC reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 64.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 319,803 shares of the company's stock after selling 592,154 shares during the quarter. Renaissance Technologies LLC owned about 0.15% of Dollar Tree worth $23,966,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. raised its holdings in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Dollar Tree during the 4th quarter worth $30,000. Parkside Financial Bank & Trust grew its holdings in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after acquiring an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Dollar Tree by 91.3% during the fourth 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 period. Finally, Hurley Capital LLC purchased a new stake in shares of Dollar Tree during the fourth quarter valued at $33,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William W. Douglas III acquired 701 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. UBS Group decreased their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Guggenheim cut their target price on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Wells Fargo & Company lifted their price target on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Finally, Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $81.84.

Dollar Tree Stock Up 8.1 %

Shares of DLTR stock traded up $5.93 on Friday, hitting $79.14. 7,221,420 shares of the stock were exchanged, compared to its average volume of 3,923,640. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $17.02 billion, a P/E ratio of -16.59, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $124.81. The business has a 50-day moving average of $70.91 and a 200 day moving average of $70.39.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company's revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $2.55 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.