Artisan Partners Limited Partnership Sells 93,871 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Artisan Partners Limited Partnership lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 17.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 429,474 shares of the company’s stock after selling 93,871 shares during the period. Artisan Partners Limited Partnership owned about 0.19% of Dollar Tree worth $66,933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Trust Asset Management LLC grew its holdings in shares of Dollar Tree by 2.8% in the second quarter. Trust Asset Management LLC now owns 2,358 shares of the company’s stock worth $367,000 after purchasing an additional 64 shares during the last quarter. Bridgewater Advisors Inc. increased its position in shares of Dollar Tree by 2.3% in the first quarter. Bridgewater Advisors Inc. now owns 2,916 shares of the company’s stock valued at $467,000 after acquiring an additional 66 shares during the period. Elo Mutual Pension Insurance Co increased its position in shares of Dollar Tree by 0.4% in the first quarter. Elo Mutual Pension Insurance Co now owns 17,692 shares of the company’s stock valued at $2,833,000 after acquiring an additional 77 shares during the period. Keybank National Association OH boosted its holdings in shares of Dollar Tree by 3.3% during the second quarter. Keybank National Association OH now owns 2,469 shares of the company’s stock worth $385,000 after purchasing an additional 79 shares during the period. Finally, Corient Capital Partners LLC boosted its holdings in shares of Dollar Tree by 0.3% during the second quarter. Corient Capital Partners LLC now owns 26,174 shares of the company’s stock worth $4,079,000 after purchasing an additional 85 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DLTR. Wells Fargo & Company reduced their target price on Dollar Tree from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, August 26th. UBS Group boosted their price objective on shares of Dollar Tree from $171.00 to $177.00 in a research report on Wednesday. Telsey Advisory Group cut their target price on shares of Dollar Tree from $185.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, August 26th. Piper Sandler decreased their price target on shares of Dollar Tree from $191.00 to $167.00 and set an “overweight” rating for the company in a research note on Friday, August 26th. Finally, StockNews.com began coverage on Dollar Tree in a report on Wednesday, October 12th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.24.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $150.14 on Thursday. The company has a 50 day moving average of $148.45 and a 200 day moving average of $153.97. The company has a quick ratio of 0.22, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. Dollar Tree, Inc. has a twelve month low of $123.62 and a twelve month high of $177.19. The firm has a market cap of $33.62 billion, a P/E ratio of 20.91, a PEG ratio of 1.34 and a beta of 0.73.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its earnings results on Tuesday, November 22nd. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The business had revenue of $6.94 billion during the quarter, compared to analyst estimates of $6.84 billion. Dollar Tree had a return on equity of 19.82% and a net margin of 5.84%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 7.2 EPS for the current fiscal year.

About Dollar Tree

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Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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