Rhumbline Advisers Has $26.99 Million Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Rhumbline Advisers cut its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 360,099 shares of the company’s stock after selling 8,284 shares during the quarter. Rhumbline Advisers owned about 0.17% of Dollar Tree worth $26,986,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in Dollar Tree during the 4th quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB boosted its position in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares during the last quarter. Eastern Bank acquired a new position in Dollar Tree during the 3rd quarter worth approximately $34,000. First Horizon Advisors Inc. boosted its position in Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after acquiring an additional 554 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Up 1.5 %

DLTR opened at $75.62 on Thursday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. The stock’s fifty day simple moving average is $72.93 and its 200 day simple moving average is $73.93. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock has a market cap of $16.26 billion, a PE ratio of -15.85, a price-to-earnings-growth ratio of 2.03 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DLTR shares. Citigroup upped their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Evercore ISI cut their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price objective on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Guggenheim cut their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.