Morris Capital Advisors LLC reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,378 shares of the company’s stock after selling 1,095 shares during the period. Dollar Tree makes up approximately 3.0% of Morris Capital Advisors LLC’s holdings, making the stock its 15th largest holding. Morris Capital Advisors LLC’s holdings in Dollar Tree were worth $4,548,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Exane Derivatives purchased a new position in Dollar Tree during the fourth quarter worth about $104,000. Cerebellum GP LLC purchased a new position in Dollar Tree during the fourth quarter worth about $127,000. FTB Advisors Inc. raised its stake in Dollar Tree by 249.2% during the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after purchasing an additional 992 shares during the period. First Personal Financial Services purchased a new position in Dollar Tree during the fourth quarter worth about $165,000. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Dollar Tree by 38.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock worth $203,000 after purchasing an additional 528 shares during the period. 91.50% of the stock is currently owned by institutional investors.
Dollar Tree, Inc. (NASDAQ DLTR) opened at $102.64 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. The firm has a market cap of $24,641.44, a P/E ratio of 24.44, a P/E/G ratio of 1.22 and a beta of 0.71. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $116.65.
A number of research firms have recently issued reports on DLTR. MKM Partners boosted their price target on shares of Dollar Tree from $96.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, November 22nd. BMO Capital Markets reissued a “hold” rating and issued a $90.00 price target on shares of Dollar Tree in a research note on Thursday, November 2nd. KeyCorp reissued a “buy” rating and issued a $98.00 price target on shares of Dollar Tree in a research note on Friday, November 10th. UBS Group reissued a “buy” rating and issued a $106.00 price target (up from $100.00) on shares of Dollar Tree in a research note on Tuesday, November 14th. Finally, Buckingham Research boosted their price target on shares of Dollar Tree from $93.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Twelve research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $105.92.
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Dollar Tree Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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