Artisan Partners Limited Partnership lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 17.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 429,474 shares of the company’s stock after selling 93,871 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Dollar Tree were worth $66,933,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in DLTR. Trust Asset Management LLC raised its stake in Dollar Tree by 2.8% during the 2nd quarter. Trust Asset Management LLC now owns 2,358 shares of the company’s stock worth $367,000 after acquiring an additional 64 shares during the period. Bridgewater Advisors Inc. lifted its position in shares of Dollar Tree by 2.3% in the first quarter. Bridgewater Advisors Inc. now owns 2,916 shares of the company’s stock valued at $467,000 after acquiring an additional 66 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its stake in shares of Dollar Tree by 0.4% in the first quarter. Elo Mutual Pension Insurance Co now owns 17,692 shares of the company’s stock worth $2,833,000 after acquiring an additional 77 shares during the period. Keybank National Association OH grew its position in shares of Dollar Tree by 3.3% during the second quarter. Keybank National Association OH now owns 2,469 shares of the company’s stock worth $385,000 after purchasing an additional 79 shares in the last quarter. Finally, Corient Capital Partners LLC raised its stake in Dollar Tree by 0.3% during the 2nd quarter. Corient Capital Partners LLC now owns 26,174 shares of the company’s stock valued at $4,079,000 after purchasing an additional 85 shares during the period. 95.04% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on DLTR. Wells Fargo & Company dropped their price target on Dollar Tree from $190.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, August 26th. StockNews.com assumed coverage on shares of Dollar Tree in a research note on Wednesday, October 12th. They set a “hold” rating for the company. UBS Group boosted their price target on shares of Dollar Tree from $171.00 to $177.00 in a research note on Wednesday. TheStreet upgraded Dollar Tree from a “c+” rating to a “b-” rating in a research report on Monday, October 31st. Finally, Gordon Haskett set a $163.00 target price on Dollar Tree in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $168.24.
Dollar Tree Stock Performance
Dollar Tree (NASDAQ:DLTR – Get Rating) last released its earnings results on Tuesday, November 22nd. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. The firm had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $6.84 billion. Dollar Tree had a return on equity of 19.82% and a net margin of 5.84%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. Sell-side analysts predict that Dollar Tree, Inc. will post 7.2 earnings per share for the current year.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.
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