AQR Capital Management LLC Sells 4,173 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

AQR Capital Management LLC cut its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 39.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,429 shares of the company’s stock after selling 4,173 shares during the period. AQR Capital Management LLC’s holdings in Dollar Tree were worth $678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new position in Dollar Tree in the second quarter valued at approximately $26,000. Register Financial Advisors LLC acquired a new stake in Dollar Tree in the first quarter valued at $28,000. Mather Group LLC. lifted its stake in shares of Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar Tree in the 2nd quarter valued at about $37,000. Finally, Blue Trust Inc. increased its holdings in Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 274 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DLTR has been the topic of several recent research reports. Piper Sandler cut their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. The Goldman Sachs Group lowered their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. JPMorgan Chase & Co. lowered shares of Dollar Tree from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $111.00 to $70.00 in a research report on Wednesday, September 4th. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Finally, Guggenheim decreased their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $88.00.

Dollar Tree Stock Performance

DLTR stock opened at $68.94 on Monday. Dollar Tree, Inc. has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $14.82 billion, a P/E ratio of -15.02, a PEG ratio of 2.95 and a beta of 0.86. The company has a 50-day simple moving average of $80.56 and a 200 day simple moving average of $102.68.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 EPS. Sell-side analysts predict that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich bought 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is owned by insiders.

Dollar Tree Company 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.