Wilmington Savings Fund Society FSB Reduces Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Wilmington Savings Fund Society FSB lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 33.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,354 shares of the company’s stock after selling 3,132 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Dollar Tree were worth $476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLTR. Versant Capital Management Inc bought a new position in shares of Dollar Tree in the fourth quarter worth about $30,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares in the last quarter. Eastern Bank purchased a new stake in Dollar Tree in the 3rd quarter valued at about $34,000. First Horizon Advisors Inc. grew its stake in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after acquiring an additional 554 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Down 2.2 %

Shares of Dollar Tree stock opened at $72.24 on Wednesday. The stock has a market cap of $15.53 billion, a PE ratio of -15.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. The firm has a fifty day moving average price of $72.88 and a 200 day moving average price of $75.20. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. 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 issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business 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 firm posted $0.97 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Evercore ISI dropped their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. 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 Friday, December 20th. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.