Handelsbanken Fonder AB Lowers Position in Dollar Tree, Inc. $DLTR

Handelsbanken Fonder AB reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 30.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,996 shares of the company’s stock after selling 10,283 shares during the quarter. Handelsbanken Fonder AB’s holdings in Dollar Tree were worth $2,829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC raised its position in Dollar Tree by 261.9% in the 4th quarter. SG Americas Securities LLC now owns 177,196 shares of the company’s stock valued at $21,797,000 after buying an additional 128,230 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Dollar Tree by 54.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 670,753 shares of the company’s stock valued at $82,509,000 after buying an additional 235,626 shares during the last quarter. Federated Hermes Inc. raised its position in Dollar Tree by 2.2% in the 3rd quarter. Federated Hermes Inc. now owns 751,744 shares of the company’s stock valued at $70,942,000 after buying an additional 15,829 shares during the last quarter. Nordea Investment Management AB raised its position in Dollar Tree by 18.0% in the 4th quarter. Nordea Investment Management AB now owns 858,636 shares of the company’s stock valued at $106,110,000 after buying an additional 130,741 shares during the last quarter. Finally, Fairfax Financial Holdings Ltd. Can purchased a new stake in Dollar Tree in the 3rd quarter valued at $4,186,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Down 0.8%

Shares of NASDAQ:DLTR opened at $94.98 on Friday. The company has a market capitalization of $18.50 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 1.19 and a beta of 0.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29. The business has a fifty day moving average price of $101.51 and a two-hundred day moving average price of $114.03. Dollar Tree, Inc. has a 1 year low of $84.71 and a 1 year high of $142.40.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DLTR shares. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price target on shares of Dollar Tree in a research report on Tuesday, March 17th. Bank of America increased their price target on Dollar Tree from $85.00 to $89.00 and gave the company an “underperform” rating in a research report on Monday, March 16th. Citigroup lowered their price target on Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Sanford C. Bernstein set a $115.00 price target on Dollar Tree in a research report on Tuesday, May 12th. Finally, Morgan Stanley reduced their price objective on Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 17th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $121.57.

Dollar Tree Company 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.