TCW Group Inc. Has $762,000 Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

TCW Group Inc. decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 73.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,839 shares of the company's stock after selling 29,820 shares during the period. TCW Group Inc.'s holdings in Dollar Tree were worth $762,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Raymond James Trust N.A. increased its holdings in Dollar Tree by 2.5% during the 2nd quarter. Raymond James Trust N.A. now owns 4,996 shares of the company's stock worth $533,000 after purchasing an additional 124 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Dollar Tree by 35.2% during the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company's stock worth $69,000 after buying an additional 171 shares in the last quarter. UMB Bank n.a. raised its position in Dollar Tree by 52.0% in the 2nd quarter. UMB Bank n.a. now owns 535 shares of the company's stock valued at $57,000 after buying an additional 183 shares during the last quarter. Alan B Lancz & Associates Inc. lifted its position in shares of Dollar Tree by 6.6% in the third 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 in the last quarter. Finally, AM Squared Ltd lifted its position in shares of Dollar Tree by 12.5% in the third quarter. AM Squared Ltd now owns 1,800 shares of the company's stock worth $127,000 after purchasing an additional 200 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DLTR has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 5th. Jefferies Financial Group upped their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Barclays decreased their price target on Dollar Tree from $128.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, September 5th. Telsey Advisory Group reiterated a "market perform" rating and set a $75.00 price objective on shares of Dollar Tree in a research note on Wednesday, December 4th. Finally, KeyCorp cut shares of Dollar Tree from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Dollar Tree currently has a consensus rating of "Hold" and a consensus price target of $85.58.

Dollar Tree Stock Performance

Shares of DLTR stock traded down $0.74 on Friday, hitting $70.09. The company's stock had a trading volume of 2,640,659 shares, compared to its average volume of 3,447,120. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week 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 stock's 50 day moving average is $67.70 and its 200-day moving average is $85.98. The company has a market capitalization of $15.07 billion, a PE ratio of -14.67, a PEG ratio of 2.28 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating 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 negative net margin of 3.34% and a positive return on equity of 16.89%. The firm's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. Equities research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.