ProShare Advisors LLC Decreases Stake in Dollar Tree, Inc. $DLTR

ProShare Advisors LLC lowered its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 23.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,899 shares of the company’s stock after selling 11,372 shares during the quarter. ProShare Advisors LLC’s holdings in Dollar Tree were worth $4,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in shares of Dollar Tree by 261.9% in the fourth quarter. SG Americas Securities LLC now owns 177,196 shares of the company’s stock worth $21,797,000 after purchasing an additional 128,230 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Dollar Tree by 54.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 670,753 shares of the company’s stock worth $82,509,000 after purchasing an additional 235,626 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Dollar Tree by 2.2% in the third quarter. Federated Hermes Inc. now owns 751,744 shares of the company’s stock worth $70,942,000 after acquiring an additional 15,829 shares during the period. Nordea Investment Management AB grew its holdings in shares of Dollar Tree by 18.0% in the fourth quarter. Nordea Investment Management AB now owns 858,636 shares of the company’s stock worth $106,110,000 after acquiring an additional 130,741 shares during the period. Finally, Fairfax Financial Holdings Ltd. Can bought a new stake in shares of Dollar Tree in the third quarter worth $4,186,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $94.98 on Friday. The stock has a 50-day simple moving average of $101.51 and a two-hundred day simple moving average of $114.03. Dollar Tree, Inc. has a 52-week low of $84.71 and a 52-week high of $142.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07. The firm has a market capitalization of $18.50 billion, a PE ratio of 15.20, a P/E/G ratio of 1.19 and a beta of 0.61.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. Dollar Tree’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts forecast that Dollar Tree, Inc. will post 6.73 EPS for the current year.

Analyst Ratings Changes

DLTR has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on Dollar Tree from $75.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, March 17th. Weiss Ratings lowered Dollar Tree from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Morgan Stanley cut their price objective on Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, March 17th. Rothschild & Co Redburn set a $165.00 price objective on Dollar Tree and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, Bank of America lifted their price objective on Dollar Tree from $85.00 to $89.00 and gave the stock an “underperform” rating in a report on Monday, March 16th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $121.57.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.