Wellington Management Group LLP Has $2.14 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Wellington Management Group LLP lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 96.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,459 shares of the company's stock after selling 961,497 shares during the period. Wellington Management Group LLP's holdings in Dollar Tree were worth $2,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Empower Advisory Group LLC increased its position in Dollar Tree by 41.3% in the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company's stock valued at $46,393,000 after acquiring an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC raised its position in Dollar Tree by 374.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company's stock worth $160,000 after purchasing an additional 1,797 shares during the last quarter. Equity Investment Corp raised its position in Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock worth $107,264,000 after purchasing an additional 746,913 shares during the last quarter. Forest Avenue Capital Management LP bought a new position in Dollar Tree in the 3rd quarter valued at $19,591,000. Finally, Anthracite Investment Company Inc. acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at $2,813,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

DLTR traded down $0.21 during trading hours on Thursday, reaching $69.06. The company's stock had a trading volume of 3,082,106 shares, compared to its average volume of 3,433,707. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The firm has a market cap of $14.85 billion, a PE ratio of -14.48, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The company's 50-day moving average is $67.71 and its 200-day moving average is $84.52. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results 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 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%. Dollar Tree's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 EPS. On average, equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

DLTR has been the topic of several recent research reports. Jefferies Financial Group raised their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Guggenheim lowered their target price on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday, December 6th. Morgan Stanley cut their price target on 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. Sanford C. Bernstein initiated coverage on Dollar Tree in a research note on Tuesday, October 22nd. They set a "market perform" rating and a $76.00 price objective for the company. Finally, BMO Capital Markets increased their target price on Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a research note on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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.