Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,400 shares of the company’s stock after selling 182 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dollar Tree were worth $3,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Equity Investment Corp grew its position in shares of Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after purchasing an additional 746,913 shares during the period. State Street Corp grew its holdings in Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after buying an additional 596,191 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Dollar Tree by 45.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock valued at $95,994,000 after acquiring an additional 425,245 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Dollar Tree during the 4th quarter valued at about $24,922,000. Finally, Forest Avenue Capital Management LP acquired a new stake in shares of Dollar Tree in the third quarter worth approximately $19,591,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Jefferies Financial Group boosted their price target on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. BMO Capital Markets raised their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Guggenheim decreased their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a report on Thursday, March 6th. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Stock Down 2.2 %

Shares of Dollar Tree stock opened at $64.56 on Friday. 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. The business has a 50-day moving average of $71.99 and a 200-day moving average of $70.80. The company has a market capitalization of $13.88 billion, a PE ratio of -13.53, a P/E/G ratio of 2.16 and a beta of 0.91.

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.