Dollar Tree, Inc. (NASDAQ:DLTR) Stake Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 61.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,568 shares of the company’s stock after selling 104,187 shares during the period. Victory Capital Management Inc.’s holdings in Dollar Tree were worth $4,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in DLTR. State Street Corp boosted its stake in shares of Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after acquiring an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. boosted its position in shares of Dollar Tree by 0.5% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock valued at $487,987,000 after purchasing an additional 35,862 shares during the period. Primecap Management Co. CA increased its stake in Dollar Tree by 5.5% in the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock worth $213,129,000 after purchasing an additional 158,385 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Dollar Tree by 9.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock worth $129,724,000 after buying an additional 165,398 shares during the period. Finally, Equity Investment Corp lifted its stake in Dollar Tree by 95.9% during the third 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. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $64.56 on Friday. The stock has a market capitalization of $13.88 billion, a P/E ratio of -13.53, a P/E/G ratio of 2.16 and a beta of 0.91. 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, Inc. has a 1-year low of $60.49 and a 1-year high of $137.14. The business has a 50-day moving average price of $71.99 and a two-hundred day moving average price of $70.80.

Wall Street Analyst Weigh In

Several analysts have recently commented on DLTR shares. Jefferies Financial Group raised their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Evercore ISI lowered their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a report on Thursday, March 6th. Wells Fargo & Company decreased their price target on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $84.79.

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.