Parametric Portfolio Associates LLC Decreases Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Parametric Portfolio Associates LLC lowered its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 27.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 446,513 shares of the company’s stock after selling 167,255 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.19% of Dollar Tree worth $38,766,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Global X Management Co. LLC grew its holdings in Dollar Tree by 14.2% during the 2nd quarter. Global X Management Co. LLC now owns 2,464 shares of the company’s stock worth $172,000 after acquiring an additional 307 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Dollar Tree by 4.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 782,529 shares of the company’s stock valued at $54,715,000 after buying an additional 32,015 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Dollar Tree by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 1,084,806 shares of the company’s stock valued at $75,849,000 after buying an additional 37,868 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in shares of Dollar Tree by 1.4% in the 2nd quarter. Cadence Capital Management LLC now owns 11,639 shares of the company’s stock valued at $814,000 after buying an additional 166 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in shares of Dollar Tree by 8.9% in the 2nd quarter. Federated Investors Inc. PA now owns 47,398 shares of the company’s stock valued at $3,314,000 after buying an additional 3,879 shares in the last quarter. Hedge funds and other institutional investors own 89.73% of the company’s stock.

Several brokerages have recently issued reports on DLTR. BMO Capital Markets restated a “hold” rating and issued a $90.00 target price on shares of Dollar Tree in a report on Thursday, November 2nd. MKM Partners upped their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Royal Bank of Canada set a $92.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, KeyCorp reiterated a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a research report on Friday, November 10th. Twelve analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $102.72.

In related news, Director Thomas A. Saunders sold 12,440 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $108.15, for a total value of $1,345,386.00. Following the transaction, the director now owns 2,326,702 shares in the company, valued at $251,632,821.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Macon F. Brock, Jr. sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the completion of the transaction, the chairman now owns 1,128,795 shares in the company, valued at approximately $102,867,088.35. The disclosure for this sale can be found here. Insiders sold 293,132 shares of company stock worth $28,348,680 in the last 90 days. 4.10% of the stock is currently owned by insiders.

Shares of Dollar Tree, Inc. (NASDAQ DLTR) traded up $3.49 during mid-day trading on Friday, hitting $114.84. 2,400,067 shares of the stock traded hands, compared to its average volume of 2,090,000. The stock has a market cap of $27,230.00, a price-to-earnings ratio of 27.34, a P/E/G ratio of 1.75 and a beta of 0.63. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $115.05. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. equities analysts expect that Dollar Tree, Inc. will post 4.85 earnings per share for the current year.

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Dollar Tree Company Profile

Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.

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

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