Orion Porfolio Solutions LLC Has $3.80 Million Holdings in Dollar Tree, Inc. $DLTR

Orion Porfolio Solutions LLC lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,298 shares of the company’s stock after selling 7,437 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Dollar Tree were worth $3,803,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DLTR. EdgePoint Investment Group Inc. boosted its holdings in shares of Dollar Tree by 12.3% during the second quarter. EdgePoint Investment Group Inc. now owns 10,825,801 shares of the company’s stock worth $1,072,187,000 after purchasing an additional 1,184,294 shares during the period. Primecap Management Co. CA increased its stake in Dollar Tree by 6.8% in the 3rd quarter. Primecap Management Co. CA now owns 4,194,049 shares of the company’s stock valued at $395,792,000 after buying an additional 268,539 shares during the period. Alliancebernstein L.P. lifted its position in Dollar Tree by 176.9% in the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock worth $371,026,000 after buying an additional 2,393,172 shares in the last quarter. London Co. of Virginia lifted its position in Dollar Tree by 51.0% in the 2nd quarter. London Co. of Virginia now owns 2,840,104 shares of the company’s stock worth $281,284,000 after buying an additional 958,925 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Dollar Tree by 6.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,653,897 shares of the company’s stock valued at $250,445,000 after buying an additional 156,633 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Down 0.1%

DLTR stock opened at $115.82 on Monday. The stock has a market capitalization of $23.03 billion, a price-to-earnings ratio of -8.61, a price-to-earnings-growth ratio of 1.44 and a beta of 0.73. The company has a 50-day moving average of $127.05 and a two-hundred day moving average of $112.79. Dollar Tree, Inc. has a 52-week low of $61.80 and a 52-week high of $142.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.22.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DLTR. Evercore upgraded shares of Dollar Tree to a “hold” rating in a report on Tuesday, February 3rd. The Goldman Sachs Group reissued a “sell” rating and set a $103.00 price objective (down from $133.00) on shares of Dollar Tree in a research report on Thursday, November 13th. Morgan Stanley boosted their target price on Dollar Tree from $130.00 to $146.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Wells Fargo & Company upped their target price on Dollar Tree from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $75.00 price target on shares of Dollar Tree in a research note on Wednesday, December 3rd. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $124.62.

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.