Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 283,267 shares of the company’s stock after selling 15,566 shares during the period. Confluence Investment Management LLC owned about 0.13% of Dollar Tree worth $21,228,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new stake in shares of Dollar Tree in the second quarter valued at about $26,000. Eastern Bank acquired a new stake in Dollar Tree in the 3rd quarter valued at about $34,000. First Horizon Advisors Inc. lifted its stake in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Dollar Tree in the third quarter valued at approximately $48,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 3.0 %

Shares of DLTR traded up $2.26 during mid-day trading on Thursday, hitting $77.20. 968,956 shares of the company’s stock were exchanged, compared to its average volume of 3,421,074. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a market cap of $16.60 billion, a price-to-earnings ratio of -16.18, a P/E/G ratio of 2.28 and a beta of 0.92. The stock’s 50-day moving average is $68.95 and its 200-day moving average is $81.85. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of recent research reports. Barclays lowered their price objective on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. KeyCorp lowered shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. The Goldman Sachs Group reduced their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Citigroup increased their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Loop Capital lifted 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. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $85.58.

About Dollar Tree

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.