Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 20.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,755 shares of the company's stock after selling 43,332 shares during the period. Victory Capital Management Inc. owned 0.08% of Dollar Tree worth $11,937,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Primecap Management Co. CA lifted its position in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company's stock worth $306,693,000 after buying an additional 957,275 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Dollar Tree by 488.4% during the second quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company's stock worth $111,531,000 after purchasing an additional 867,054 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Dollar Tree by 165.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company's stock valued at $109,803,000 after purchasing an additional 640,848 shares during the period. Canoe Financial LP acquired a new position in Dollar Tree during the third quarter worth approximately $46,576,000. Finally, Assenagon Asset Management S.A. lifted its stake in Dollar Tree by 238.7% in the third quarter. Assenagon Asset Management S.A. now owns 693,950 shares of the company's stock valued at $48,799,000 after buying an additional 489,074 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLTR has been the topic of a number of recent research reports. Evercore ISI dropped their price objective on shares of Dollar Tree from $105.00 to $100.00 and set an "in-line" rating on the stock in a research note on Tuesday, October 22nd. Sanford C. Bernstein started coverage on shares of Dollar Tree in a research note on Tuesday, October 22nd. They set a "market perform" rating and a $76.00 price target on the stock. Citigroup dropped their target price on Dollar Tree from $120.00 to $64.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company decreased their price target on Dollar Tree from $130.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, September 5th. Finally, Melius Research began coverage on Dollar Tree in a report on Monday, September 23rd. They issued a "hold" rating and a $70.00 target price for the company. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $87.95.

Insider Buying and Selling at Dollar Tree

In related news, Director Daniel J. Heinrich acquired 2,200 shares of the firm's stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is owned by insiders.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $63.18 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The stock has a fifty day moving average price of $67.85 and a 200 day moving average price of $91.03.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 earnings per share. On average, analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

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.