Wellington Management Group LLP Lowers Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Wellington Management Group LLP decreased its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 96.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,459 shares of the company’s stock after selling 961,497 shares during the quarter. Wellington Management Group LLP’s holdings in Dollar Tree were worth $2,142,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Empower Advisory Group LLC increased its holdings in Dollar Tree by 41.3% in the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after acquiring an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after purchasing an additional 1,797 shares during the period. Equity Investment Corp lifted its stake in shares of Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares in the last quarter. Forest Avenue Capital Management LP bought a new position in Dollar Tree in the 3rd quarter worth $19,591,000. Finally, Anthracite Investment Company Inc. purchased a new stake in Dollar Tree in the 3rd quarter worth $2,813,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Down 1.2 %

DLTR opened at $69.27 on Thursday. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a market cap of $14.89 billion, a P/E ratio of -14.52, a P/E/G ratio of 2.28 and a beta of 0.92. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The business has a fifty day simple moving average of $67.71 and a 200-day simple moving average of $84.52.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. On average, equities analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DLTR shares. KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Loop Capital increased their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Truist Financial lifted their price objective on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Morgan Stanley dropped their target price on shares of 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. Finally, Wells Fargo & Company decreased their price target on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Dollar Tree presently has an average rating of “Hold” and a consensus target price of $85.58.

About Dollar Tree

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.