Marathon Asset Management Ltd Sells 12,718 Shares of Dollar Tree, Inc. $DLTR

Marathon Asset Management Ltd cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,810 shares of the company’s stock after selling 12,718 shares during the period. Marathon Asset Management Ltd’s holdings in Dollar Tree were worth $16,091,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Banque Cantonale Vaudoise grew its holdings in shares of Dollar Tree by 167.2% in the fourth quarter. Banque Cantonale Vaudoise now owns 14,574 shares of the company’s stock worth $1,793,000 after purchasing an additional 9,120 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Dollar Tree in the fourth quarter worth about $25,000. Covestor Ltd grew its holdings in shares of Dollar Tree by 60.9% in the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after purchasing an additional 84 shares during the last quarter. Capstone Capital Management Ltd bought a new position in shares of Dollar Tree in the fourth quarter worth about $996,000. Finally, HighTower Advisors LLC grew its holdings in shares of Dollar Tree by 121.3% in the fourth quarter. HighTower Advisors LLC now owns 28,925 shares of the company’s stock worth $3,558,000 after purchasing an additional 15,856 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DLTR. BNP Paribas Exane cut shares of Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 price target on the stock. in a report on Wednesday, January 21st. Weiss Ratings cut shares of Dollar Tree from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Jefferies Financial Group upped their price target on shares of Dollar Tree from $75.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, March 17th. Guggenheim reiterated a “buy” rating and set a $130.00 target price on shares of Dollar Tree in a report on Tuesday, March 17th. Finally, Bank of America increased their target price on shares of Dollar Tree from $85.00 to $89.00 and gave the stock an “underperform” rating in a report on Monday, March 16th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.86.

Dollar Tree Stock Down 0.7%

Shares of Dollar Tree stock opened at $90.61 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29. Dollar Tree, Inc. has a 1 year low of $84.71 and a 1 year high of $142.40. The firm’s 50-day moving average is $102.75 and its two-hundred day moving average is $114.23. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.14 and a beta of 0.61.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.03. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the prior year, the business earned $2.11 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts expect that Dollar Tree, Inc. will post 6.75 earnings per share for the current fiscal year.

About Dollar Tree

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.