Amundi Sells 41,904 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Amundi trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,086,903 shares of the company’s stock after selling 41,904 shares during the period. Amundi’s holdings in Dollar Tree were worth $78,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DLTR. Assetmark Inc. lifted its position in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after buying an additional 149 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree during the fourth quarter valued at about $30,000. Parkside Financial Bank & Trust lifted its position in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Dollar Tree by 91.3% during the fourth 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 during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Loop Capital increased their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and set a $75.00 price target on shares of Dollar Tree in a research report on Thursday, March 6th. Wells Fargo & Company decreased their price target on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Piper Sandler reaffirmed a “neutral” rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Finally, Citigroup increased their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Stock Performance

DLTR opened at $65.69 on Wednesday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $150.74. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $14.12 billion, a PE ratio of -13.77, a P/E/G ratio of 2.16 and a beta of 0.91. The firm has a 50 day moving average of $72.63 and a two-hundred day moving average of $71.29.

Dollar Tree 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.