Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC lowered its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,672 shares of the company’s stock after selling 688 shares during the period. Dollar Tree makes up 1.6% of Stoneridge Investment Partners LLC’s holdings, making the stock its 18th biggest holding. Stoneridge Investment Partners LLC’s holdings in Dollar Tree were worth $4,337,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DLTR. National Bank of Canada FI raised its position in Dollar Tree by 223.4% in the 1st quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock valued at $188,379,000 after purchasing an additional 977,313 shares in the last quarter. Primecap Management Co. CA increased its stake in shares of Dollar Tree by 50.0% during the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after buying an additional 957,275 shares during the period. Renaissance Technologies LLC raised its holdings in Dollar Tree by 488.4% in the second quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock valued at $111,531,000 after acquiring an additional 867,054 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in Dollar Tree in the first quarter worth approximately $99,862,000. Finally, Natixis acquired a new position in Dollar Tree during the 1st quarter worth approximately $97,439,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $111.00 to $70.00 in a report on Wednesday, September 4th. KeyCorp decreased their price target on Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Evercore ISI dropped their price objective on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. Sanford C. Bernstein began coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price on the stock. Finally, Melius Research started coverage on Dollar Tree in a report on Monday, September 23rd. They issued a “hold” rating and a $70.00 price target for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $87.47.

Dollar Tree Trading Up 0.3 %

NASDAQ:DLTR opened at $66.81 on Tuesday. Dollar Tree, Inc. has a 12-month low of $60.81 and a 12-month high of $151.21. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The stock’s 50 day simple moving average is $70.97 and its 200-day simple moving average is $95.62. The firm has a market cap of $14.36 billion, a P/E ratio of -13.69, a PEG ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. Equities analysts anticipate that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.80% of the stock is owned by insiders.

About Dollar Tree

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.