EverSource Wealth Advisors LLC Lowers Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

EverSource Wealth Advisors LLC lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 34.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 510 shares of the company’s stock after selling 265 shares during the period. EverSource Wealth Advisors LLC’s holdings in Dollar Tree were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in DLTR. Mantle Ridge LP raised its position in Dollar Tree by 11,365,431.0% in the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock worth $1,820,190,000 after purchasing an additional 11,365,431 shares during the period. Capital World Investors purchased a new position in shares of Dollar Tree in the fourth quarter valued at about $553,637,000. Winslow Capital Management LLC purchased a new position in shares of Dollar Tree in the first quarter valued at about $428,709,000. Canada Pension Plan Investment Board increased its position in shares of Dollar Tree by 161.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 4,318,151 shares of the company’s stock valued at $606,787,000 after acquiring an additional 2,665,651 shares during the period. Finally, Norges Bank purchased a new position in shares of Dollar Tree in the fourth quarter valued at about $329,472,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Dollar Tree Stock Up 2.9 %

Shares of Dollar Tree stock opened at $141.92 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.22 and a current ratio of 1.46. The stock has a market capitalization of $31.78 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.20 and a beta of 0.74. Dollar Tree, Inc. has a 52-week low of $84.26 and a 52-week high of $177.19. The company has a 50-day simple moving average of $157.58 and a two-hundred day simple moving average of $157.45.

Dollar Tree (NASDAQ:DLTRGet Rating) last issued its earnings results on Thursday, August 25th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.01. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.80 billion. Dollar Tree had a net margin of 5.77% and a return on equity of 19.83%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 earnings per share. On average, analysts anticipate that Dollar Tree, Inc. will post 7.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Piper Sandler decreased their price objective on shares of Dollar Tree from $191.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, August 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Dollar Tree from $185.00 to $163.00 and set a “buy” rating on the stock in a research note on Monday, August 29th. Telsey Advisory Group cut their target price on shares of Dollar Tree from $185.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, August 26th. Finally, BMO Capital Markets lifted their target price on shares of Dollar Tree from $180.00 to $187.00 in a research note on Friday, May 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.47.

Dollar Tree Profile

(Get Rating)

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

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