Dollar Tree, Inc. (DLTR) Stake Lowered by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,766 shares of the company’s stock after selling 1,329 shares during the period. Xact Kapitalforvaltning AB’s holdings in Dollar Tree were worth $3,161,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DLTR. Principal Financial Group Inc. increased its stake in shares of Dollar Tree by 0.4% during the first quarter. Principal Financial Group Inc. now owns 4,115,126 shares of the company’s stock worth $390,525,000 after purchasing an additional 16,447 shares during the period. Cerebellum GP LLC increased its stake in shares of Dollar Tree by 58.9% during the second quarter. Cerebellum GP LLC now owns 2,120 shares of the company’s stock worth $180,000 after purchasing an additional 786 shares during the period. Indiana Trust & Investment Management CO bought a new position in shares of Dollar Tree during the second quarter worth approximately $240,000. DnB Asset Management AS increased its stake in shares of Dollar Tree by 6.5% during the second quarter. DnB Asset Management AS now owns 28,055 shares of the company’s stock worth $2,385,000 after purchasing an additional 1,700 shares during the period. Finally, IFM Investors Pty Ltd increased its stake in shares of Dollar Tree by 45.4% during the second quarter. IFM Investors Pty Ltd now owns 10,730 shares of the company’s stock worth $912,000 after purchasing an additional 3,349 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Shares of DLTR stock opened at $84.34 on Wednesday. The firm has a market capitalization of $19.81 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.08 and a beta of 0.74. Dollar Tree, Inc. has a fifty-two week low of $78.78 and a fifty-two week high of $116.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 2.24.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.01). The business had revenue of $5.53 billion during the quarter, compared to analyst estimates of $5.54 billion. Dollar Tree had a net margin of 7.53% and a return on equity of 17.63%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. On average, analysts forecast that Dollar Tree, Inc. will post 5.5 earnings per share for the current year.

In other news, Director Lemuel E. Lewis acquired 1,210 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The shares were bought at an average price of $82.75 per share, with a total value of $100,127.50. Following the acquisition, the director now directly owns 20,114 shares in the company, valued at approximately $1,664,433.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.

A number of equities research analysts recently issued reports on DLTR shares. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research report on Tuesday, August 14th. OTR Global downgraded Dollar Tree to a “positive” rating in a research report on Wednesday, August 22nd. BidaskClub downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. Atlantic Securities raised Dollar Tree from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a research report on Monday, August 13th. Finally, KeyCorp increased their price target on Dollar Tree from $108.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $100.83.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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