Massachusetts Financial Services Co. MA Lowers Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Massachusetts Financial Services Co. MA reduced its position in Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 89.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 155,838 shares of the company’s stock after selling 1,363,004 shares during the period. Massachusetts Financial Services Co. MA owned about 0.07% of Dollar Tree worth $16,589,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DLTR. SVB Wealth LLC raised its stake in Dollar Tree by 2.4% during the 2nd quarter. SVB Wealth LLC now owns 2,657 shares of the company’s stock valued at $414,000 after buying an additional 62 shares during the last quarter. Key Financial Inc raised its stake in Dollar Tree by 7.2% during the 2nd quarter. Key Financial Inc now owns 986 shares of the company’s stock valued at $141,000 after buying an additional 66 shares during the last quarter. Burney Co. raised its stake in Dollar Tree by 0.7% during the 2nd quarter. Burney Co. now owns 10,891 shares of the company’s stock valued at $1,563,000 after buying an additional 81 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Dollar Tree by 0.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 18,240 shares of the company’s stock valued at $2,483,000 after buying an additional 82 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in Dollar Tree by 4.4% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 2,174 shares of the company’s stock valued at $312,000 after buying an additional 92 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar Tree

In related news, Director Ridge Lp Mantle acquired 738,862 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was acquired at an average price of $134.37 per share, with a total value of $99,280,886.94. Following the acquisition, the director now directly owns 12,104,493 shares of the company’s stock, valued at $1,626,480,724.41. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 target price on shares of Dollar Tree in a research note on Thursday, November 30th. The Goldman Sachs Group raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and cut their price objective for the company from $150.00 to $137.00 in a research report on Tuesday, October 17th. Wells Fargo & Company cut their price objective on shares of Dollar Tree from $155.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 27th. Morgan Stanley cut their price objective on shares of Dollar Tree from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, November 30th. Finally, Truist Financial boosted their price objective on shares of Dollar Tree from $135.00 to $149.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.44.

Get Our Latest Stock Analysis on Dollar Tree

Dollar Tree Trading Down 1.0 %

Shares of Dollar Tree stock opened at $139.50 on Friday. The company has a market capitalization of $30.39 billion, a P/E ratio of 26.47, a P/E/G ratio of 5.68 and a beta of 0.90. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 1.36. The company has a fifty day moving average of $134.42 and a 200 day moving average of $125.66. Dollar Tree, Inc. has a fifty-two week low of $102.77 and a fifty-two week high of $161.10.

Dollar Tree (NASDAQ:DLTRGet Free Report) last released its quarterly earnings data on Wednesday, November 29th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). Dollar Tree had a net margin of 3.92% and a return on equity of 13.34%. The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.40 billion. During the same period last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 6 earnings per share for the current fiscal year.

Dollar Tree Profile

(Free Report)

Dollar Tree, Inc operates discount variety retail 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.

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

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