Live Oak Private Wealth LLC Sells 66,886 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Live Oak Private Wealth LLC reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 35.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,222 shares of the company’s stock after selling 66,886 shares during the period. Dollar Tree accounts for approximately 1.5% of Live Oak Private Wealth LLC’s portfolio, making the stock its 20th largest position. Live Oak Private Wealth LLC owned 0.06% of Dollar Tree worth $8,934,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DLTR. Alan B Lancz & Associates Inc. lifted its position in shares of Dollar Tree by 6.6% in the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock worth $229,000 after purchasing an additional 200 shares during the period. AM Squared Ltd lifted its holdings in Dollar Tree by 12.5% in the third quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock worth $127,000 after buying an additional 200 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the period. First Horizon Advisors Inc. boosted its position in Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Dollar Tree by 1.1% during the 4th quarter. KBC Group NV now owns 28,312 shares of the company’s stock worth $2,122,000 after acquiring an additional 313 shares during the period. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Up 0.4 %

Shares of DLTR opened at $74.52 on Friday. The firm has a fifty day simple moving average of $72.77 and a two-hundred day simple moving average of $76.07. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $7.45 billion. During the same period last year, the firm posted $0.97 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

DLTR has been the subject of a number of research analyst reports. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Evercore ISI lowered their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upped their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Loop Capital upped their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and an average target price of $85.58.

Dollar Tree Company Profile

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.