Cerity Partners LLC Cuts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Cerity Partners LLC reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 23.7% during the third quarter, HoldingsChannel.com reports. The fund owned 43,809 shares of the company’s stock after selling 13,572 shares during the quarter. Cerity Partners LLC’s holdings in Dollar Tree were worth $3,081,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Atria Investments Inc boosted its stake in Dollar Tree by 27.6% during the first quarter. Atria Investments Inc now owns 14,032 shares of the company’s stock valued at $1,868,000 after buying an additional 3,031 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Dollar Tree by 203.5% during the 1st quarter. Cetera Investment Advisers now owns 12,596 shares of the company’s stock valued at $1,677,000 after acquiring an additional 8,446 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of Dollar Tree by 119.7% in the first quarter. Cetera Advisors LLC now owns 3,234 shares of the company’s stock valued at $431,000 after purchasing an additional 1,762 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Dollar Tree by 29.3% in the first quarter. EverSource Wealth Advisors LLC now owns 486 shares of the company’s stock valued at $65,000 after purchasing an additional 110 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Dollar Tree by 18.4% in the second quarter. GAMMA Investing LLC now owns 2,978 shares of the company’s stock worth $318,000 after purchasing an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

DLTR has been the subject of several research reports. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Morgan Stanley dropped their price target on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Telsey Advisory Group downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $95.00 to $75.00 in a research report on Tuesday, November 5th. Evercore ISI dropped their target price on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, October 22nd. Finally, Guggenheim lowered their price target on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $87.95.

Dollar Tree Stock Performance

Dollar Tree stock opened at $71.27 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The company has a market capitalization of $15.32 billion, a PE ratio of -14.60, a P/E/G ratio of 2.83 and a beta of 0.87. The company has a 50 day moving average price of $67.47 and a 200-day moving average price of $88.53. 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 issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same period last year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.35 earnings per share for the current year.

Insider Buying and Selling

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 28.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.80% of the stock is owned by insiders.

Dollar Tree Profile

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.