Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 87.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,393 shares of the company’s stock after selling 225,745 shares during the quarter. Intech Investment Management LLC’s holdings in Dollar Tree were worth $2,353,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after buying an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Dollar Tree by 0.5% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock valued at $487,987,000 after purchasing an additional 35,862 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Dollar Tree by 31.3% in the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock valued at $298,143,000 after purchasing an additional 947,580 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Dollar Tree by 9.8% in the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock valued at $129,724,000 after purchasing an additional 165,398 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $113,315,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Loop Capital increased their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Wells Fargo & Company dropped their price objective on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Guggenheim dropped their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Truist Financial increased their price objective on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group increased their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $84.79.

Dollar Tree Stock Up 0.5 %

Shares of NASDAQ:DLTR opened at $64.59 on Friday. The stock has a market cap of $13.89 billion, a P/E ratio of -13.54, a P/E/G ratio of 2.16 and a beta of 0.91. The firm has a fifty day moving average price of $71.27 and a 200 day moving average price of $70.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $137.14.

Dollar Tree Company Profile

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.