Orion Portfolio Solutions LLC Cuts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Orion Portfolio Solutions LLC cut its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 44.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,748 shares of the company’s stock after selling 22,227 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Dollar Tree were worth $2,079,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA grew its holdings in Dollar Tree by 7.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 108,716 shares of the company’s stock valued at $8,147,000 after purchasing an additional 7,832 shares during the period. Easterly Investment Partners LLC lifted its position in shares of Dollar Tree by 17.8% during the 4th quarter. Easterly Investment Partners LLC now owns 96,081 shares of the company’s stock valued at $7,200,000 after buying an additional 14,493 shares in the last quarter. Norges Bank acquired a new stake in Dollar Tree in the 4th quarter valued at $171,149,000. UniSuper Management Pty Ltd increased its holdings in Dollar Tree by 20.0% in the 4th quarter. UniSuper Management Pty Ltd now owns 30,228 shares of the company’s stock worth $2,265,000 after acquiring an additional 5,042 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Dollar Tree by 0.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 308,755 shares of the company’s stock worth $22,650,000 after acquiring an additional 2,840 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Up 3.0 %

Shares of DLTR stock opened at $77.57 on Thursday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $136.02. The firm has a market cap of $16.68 billion, a PE ratio of -16.26, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a 50-day moving average of $71.37 and a two-hundred day moving average of $70.41. 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 (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $2.55 EPS. On average, analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on DLTR shares. Wells Fargo & Company boosted their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday. Citigroup boosted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Evercore ISI raised their target price on Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research report on Thursday, March 27th. UBS Group dropped their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Jefferies Financial Group raised their price objective on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Sixteen research 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 company has an average rating of “Hold” and an average price target of $83.68.

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.