Envestnet Portfolio Solutions Inc. Trims Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Envestnet Portfolio Solutions Inc. lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 59.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,278 shares of the company’s stock after selling 4,871 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Dollar Tree were worth $246,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quest Partners LLC increased its stake in Dollar Tree by 28.3% in the 3rd quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock valued at $141,000 after buying an additional 442 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Dollar Tree in the third quarter valued at about $48,000. Townsquare Capital LLC increased its stake in shares of Dollar Tree by 5.6% during the third quarter. Townsquare Capital LLC now owns 17,433 shares of the company’s stock worth $1,226,000 after acquiring an additional 931 shares during the period. Scopia Capital Management LP purchased a new position in Dollar Tree during the third quarter worth about $16,151,000. Finally, ARGA Investment Management LP lifted its position in Dollar Tree by 113.6% in the third quarter. ARGA Investment Management LP now owns 25,064 shares of the company’s stock valued at $1,762,000 after purchasing an additional 13,332 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research report on Thursday. Guggenheim dropped their price objective on Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Friday. BMO Capital Markets raised their target price on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Telsey Advisory Group upped their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, Jefferies Financial Group raised their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus price target of $83.42.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $72.75 on Friday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $137.14. The firm has a market cap of $15.64 billion, a price-to-earnings ratio of -15.25, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company’s 50-day moving average is $71.17 and its two-hundred day moving average is $70.21. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $2.55 EPS. Research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.