Ironsides Asset Advisors LLC Lowers Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Ironsides Asset Advisors LLC cut its position in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 23.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,683 shares of the company’s stock after selling 827 shares during the quarter. Ironsides Asset Advisors LLC’s holdings in Dollar Tree were worth $365,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DLTR. Mantle Ridge LP grew its holdings in Dollar Tree by 11,365,431.0% in the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after purchasing an additional 11,365,431 shares during the period. Assenagon Asset Management S.A. grew its stake in Dollar Tree by 267.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,409,680 shares of the company’s stock worth $191,857,000 after buying an additional 1,026,482 shares during the period. Invesco Ltd. grew its stake in Dollar Tree by 69.3% during the first quarter. Invesco Ltd. now owns 1,825,658 shares of the company’s stock worth $292,377,000 after buying an additional 747,162 shares during the period. National Bank of Canada FI lifted its position in shares of Dollar Tree by 101.2% during the second quarter. National Bank of Canada FI now owns 1,152,687 shares of the company’s stock worth $179,952,000 after purchasing an additional 579,724 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of Dollar Tree by 18.2% during the first quarter. Capital International Investors now owns 3,562,857 shares of the company’s stock worth $570,592,000 after purchasing an additional 548,597 shares in the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Dollar Tree in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. OTR Global raised shares of Dollar Tree from a “mixed” rating to a “positive” rating in a report on Wednesday, November 16th. Evercore ISI cut their price target on shares of Dollar Tree from $170.00 to $160.00 in a report on Wednesday, November 23rd. TheStreet raised shares of Dollar Tree from a “c+” rating to a “b-” rating in a report on Monday, October 31st. Finally, Credit Suisse Group started coverage on shares of Dollar Tree in a report on Monday, December 19th. They set a “neutral” rating and a $150.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.13.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded up $0.50 during trading on Tuesday, hitting $151.49. 451,137 shares of the stock were exchanged, compared to its average volume of 1,929,676. The stock’s fifty day moving average is $147.17 and its 200 day moving average is $150.91. The stock has a market cap of $33.92 billion, a PE ratio of 21.03, a P/E/G ratio of 1.37 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.17 and a current ratio of 1.38. Dollar Tree, Inc. has a 12 month low of $124.76 and a 12 month high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $6.94 billion during the quarter, compared to analyst estimates of $6.84 billion. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 7.19 EPS for the current year.

Dollar Tree Profile

(Get Rating)

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.

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

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