Victory Capital Management Inc. Trims Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Victory Capital Management Inc. cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 164,403 shares of the company’s stock after selling 9,168 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Dollar Tree worth $26,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLTR. Benjamin F. Edwards & Company Inc. raised its stake in shares of Dollar Tree by 15.8% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,225 shares of the company’s stock worth $356,000 after buying an additional 303 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of Dollar Tree by 75.5% during the 1st quarter. Metis Global Partners LLC now owns 3,558 shares of the company’s stock worth $570,000 after buying an additional 1,531 shares in the last quarter. Calamos Wealth Management LLC purchased a new position in shares of Dollar Tree during the 1st quarter worth approximately $261,000. Calamos Advisors LLC purchased a new position in shares of Dollar Tree during the 1st quarter worth approximately $21,455,000. Finally, Gamble Jones Investment Counsel purchased a new position in shares of Dollar Tree during the 1st quarter worth approximately $201,000. 98.54% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Up 0.2 %

Shares of DLTR opened at $165.09 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $37.07 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.68. The stock’s fifty day simple moving average is $161.58 and its 200 day simple moving average is $153.57. Dollar Tree, Inc. has a twelve month low of $84.26 and a twelve month high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last issued its earnings results on Thursday, May 26th. The company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.39. The business had revenue of $6.90 billion for the quarter, compared to analyst estimates of $6.77 billion. Dollar Tree had a return on equity of 19.71% and a net margin of 5.57%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $1.60 EPS. On average, equities research analysts forecast that Dollar Tree, Inc. will post 8.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets upped their price target on Dollar Tree from $180.00 to $187.00 in a report on Friday, May 27th. Barclays upped their price target on Dollar Tree from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, May 27th. Morgan Stanley increased their target price on Dollar Tree from $150.00 to $160.00 and gave the company an “equal weight” rating in a report on Friday, May 27th. Telsey Advisory Group lowered their target price on Dollar Tree from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, May 24th. Finally, StockNews.com upgraded Dollar Tree from a “hold” rating to a “buy” rating in a report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree has a consensus rating of “Moderate Buy” and a consensus price target of $163.82.

About Dollar Tree

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Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

See Also

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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