Victory Capital Management Inc. cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Get 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.
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
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.
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