Alan B Lancz & Associates Inc. Lowers Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Alan B Lancz & Associates Inc. cut its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,100 shares of the company’s stock after selling 150 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Dollar Tree were worth $232,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DLTR. EverSource Wealth Advisors LLC raised its holdings in Dollar Tree by 35.2% in the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock valued at $69,000 after buying an additional 171 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Dollar Tree by 60.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,661 shares of the company’s stock valued at $4,235,000 after acquiring an additional 14,948 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Dollar Tree by 758.6% during the 2nd quarter. APG Asset Management N.V. now owns 72,481 shares of the company’s stock valued at $7,221,000 after acquiring an additional 64,039 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Dollar Tree during the 2nd quarter worth $567,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Dollar Tree by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 123,313 shares of the company’s stock valued at $13,166,000 after purchasing an additional 862 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $72.48 on Friday. 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 company has a market capitalization of $15.58 billion, a price-to-earnings ratio of -15.19, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The business has a 50 day simple moving average of $71.67 and a 200-day simple moving average of $78.01.

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

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of recent research reports. Telsey Advisory Group restated a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a research note on Friday, December 20th. BMO Capital Markets boosted their price target on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. KeyCorp downgraded shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Citigroup boosted their target price on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.