Edgestream Partners L.P. Cuts Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Edgestream Partners L.P. reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 23.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,847 shares of the company’s stock after selling 3,650 shares during the period. Edgestream Partners L.P.’s holdings in Dollar Tree were worth $1,846,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DLTR. Ellevest Inc. raised its holdings in Dollar Tree by 452.8% in the second quarter. Ellevest Inc. now owns 199 shares of the company’s stock valued at $31,000 after buying an additional 163 shares during the period. Karlinski Andrew C purchased a new position in Dollar Tree in the first quarter valued at approximately $32,000. Providence Capital Advisors LLC raised its holdings in Dollar Tree by 95.2% in the first quarter. Providence Capital Advisors LLC now owns 203 shares of the company’s stock valued at $33,000 after buying an additional 99 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in Dollar Tree by 517.1% in the second quarter. Newbridge Financial Services Group Inc. now owns 216 shares of the company’s stock valued at $34,000 after buying an additional 181 shares during the period. Finally, TCI Wealth Advisors Inc. raised its holdings in Dollar Tree by 68.6% in the second quarter. TCI Wealth Advisors Inc. now owns 231 shares of the company’s stock valued at $36,000 after buying an additional 94 shares during the period. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of Dollar Tree from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, August 26th. Telsey Advisory Group cut their price target on shares of Dollar Tree from $185.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, August 26th. TheStreet upgraded shares of Dollar Tree from a “c+” rating to a “b-” rating in a research note on Monday, October 31st. UBS Group lifted their price objective on shares of Dollar Tree from $171.00 to $177.00 in a research note on Wednesday. Finally, StockNews.com began coverage on shares of Dollar Tree in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.24.

Dollar Tree Stock Performance

Dollar Tree stock opened at $150.14 on Thursday. The company has a market cap of $33.62 billion, a PE ratio of 20.91, a P/E/G ratio of 1.34 and a beta of 0.73. The company has a fifty day moving average price of $148.45 and a two-hundred day moving average price of $153.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.38 and a quick ratio of 0.22. Dollar Tree, Inc. has a 12 month low of $123.62 and a 12 month high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $6.84 billion. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share. Research analysts expect that Dollar Tree, Inc. will post 7.2 earnings per share for the current year.

Dollar Tree Company Profile

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

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