Virtu Financial LLC Has $673,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Virtu Financial LLC decreased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,573 shares of the company’s stock after selling 850 shares during the quarter. Virtu Financial LLC’s holdings in Dollar Tree were worth $673,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Trust N.A. increased its stake in Dollar Tree by 2.5% in the second quarter. Raymond James Trust N.A. now owns 4,996 shares of the company’s stock valued at $533,000 after acquiring an additional 124 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Dollar Tree by 35.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock valued at $69,000 after purchasing an additional 171 shares during the period. UMB Bank n.a. raised its holdings in shares of Dollar Tree by 52.0% in the 2nd quarter. UMB Bank n.a. now owns 535 shares of the company’s stock worth $57,000 after buying an additional 183 shares in the last quarter. Alan B Lancz & Associates Inc. lifted its position in shares of Dollar Tree by 6.6% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock worth $229,000 after buying an additional 200 shares during the period. Finally, AM Squared Ltd boosted its stake in Dollar Tree by 12.5% in the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock valued at $127,000 after buying an additional 200 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Trading Down 1.0 %

DLTR opened at $70.09 on Friday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a market cap of $15.07 billion, a price-to-earnings ratio of -14.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm has a 50 day simple moving average of $67.69 and a 200 day simple moving average of $85.48.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DLTR shares. Morgan Stanley cut their price objective on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Citigroup boosted their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Piper Sandler reaffirmed a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Melius Research started coverage on Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price target on the stock. Finally, Guggenheim cut their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, December 6th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.58.

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.