Victory Capital Management Inc. Sells 43,332 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Victory Capital Management Inc. lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 20.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,755 shares of the company’s stock after selling 43,332 shares during the quarter. Victory Capital Management Inc. owned approximately 0.08% of Dollar Tree worth $11,937,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Dollar Tree by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 480,400 shares of the company’s stock valued at $33,782,000 after purchasing an additional 2,405 shares in the last quarter. Versor Investments LP bought a new position in shares of Dollar Tree in the third quarter valued at approximately $457,000. Venturi Wealth Management LLC lifted its holdings in shares of Dollar Tree by 82.0% in the third quarter. Venturi Wealth Management LLC now owns 4,721 shares of the company’s stock valued at $332,000 after purchasing an additional 2,127 shares in the last quarter. Chartwell Investment Partners LLC lifted its holdings in shares of Dollar Tree by 46.5% in the third quarter. Chartwell Investment Partners LLC now owns 28,169 shares of the company’s stock valued at $1,981,000 after purchasing an additional 8,935 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC lifted its holdings in shares of Dollar Tree by 169.2% in the third quarter. Legacy Capital Wealth Partners LLC now owns 6,875 shares of the company’s stock valued at $483,000 after purchasing an additional 4,321 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 2.6 %

Shares of NASDAQ:DLTR opened at $63.18 on Thursday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. The company has a market cap of $13.58 billion, a PE ratio of -12.95, a P/E/G ratio of 2.54 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The stock’s 50-day moving average is $67.85 and its 200 day moving average is $91.03.

Dollar Tree (NASDAQ:DLTR) last posted 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 positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.49 billion. During the same quarter last year, the company posted $0.91 EPS. The firm’s revenue was up .7% on a year-over-year basis. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich bought 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The shares were purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BMO Capital Markets decreased their price target on Dollar Tree from $68.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday. StockNews.com downgraded Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley decreased 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 target price for the stock from $95.00 to $75.00 in a research report on Tuesday, November 5th. Finally, Sanford C. Bernstein initiated coverage on Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 target price for the company. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $87.95.

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.