HighTower Advisors LLC Lowers Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

HighTower Advisors LLC reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 15.0% in the third quarter, HoldingsChannel.com reports. The firm owned 6,672 shares of the company’s stock after selling 1,179 shares during the period. HighTower Advisors LLC’s holdings in Dollar Tree were worth $460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eastern Bank bought a new stake in Dollar Tree during the 3rd quarter valued at approximately $34,000. UMB Bank n.a. grew its holdings in Dollar Tree by 52.0% during the 2nd quarter. UMB Bank n.a. now owns 535 shares of the company’s stock valued at $57,000 after buying an additional 183 shares in the last quarter. First Horizon Advisors Inc. raised 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. EverSource Wealth Advisors LLC lifted its holdings in shares of Dollar Tree by 35.2% in the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock worth $69,000 after buying an additional 171 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Dollar Tree during the third quarter worth $48,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $72.94 on Friday. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The stock has a market capitalization of $15.68 billion, a PE ratio of -15.29, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average price is $67.78 and its 200-day moving average price is $83.82.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DLTR shares. The Goldman Sachs Group cut their price objective on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Citigroup raised their price target on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Melius Research assumed coverage on Dollar Tree in a report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $75.00 price target on shares of Dollar Tree in a research note on Friday. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and an average price target 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.