Quantinno Capital Management LP Has $446,000 Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Quantinno Capital Management LP reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 57.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,344 shares of the company’s stock after selling 8,519 shares during the quarter. Quantinno Capital Management LP’s holdings in Dollar Tree were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Empower Advisory Group LLC grew its stake in Dollar Tree by 41.3% during the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after buying an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after acquiring an additional 1,797 shares in the last quarter. Equity Investment Corp increased its stake in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after acquiring an additional 746,913 shares during the last quarter. Forest Avenue Capital Management LP acquired a new position in Dollar Tree during the third quarter valued at approximately $19,591,000. Finally, Anthracite Investment Company Inc. acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at $2,813,000. Institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Sanford C. Bernstein started coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective for the company. Citigroup raised 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. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Barclays cut their target price on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Finally, Jefferies Financial Group upped their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Seventeen equities 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, the stock presently has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Performance

DLTR stock opened at $70.09 on Friday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. 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 stock has a 50-day moving average price of $67.69 and a 200-day moving average price of $85.48. The firm has a market cap of $15.07 billion, a PE ratio of -14.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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.