Millennium Management LLC trimmed its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 45.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,385,333 shares of the company’s stock after selling 1,141,544 shares during the quarter. Millennium Management LLC’s holdings in Dollar Tree were worth $148,660,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its position in shares of Dollar Tree by 4.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 379,137 shares of the company’s stock worth $32,896,000 after acquiring an additional 15,542 shares in the last quarter. British Airways Pensions Investment Management Ltd acquired a new position in shares of Dollar Tree during the 3rd quarter worth about $34,022,000. Janus Henderson Group PLC boosted its position in shares of Dollar Tree by 34.9% during the 3rd quarter. Janus Henderson Group PLC now owns 63,524 shares of the company’s stock worth $5,515,000 after acquiring an additional 16,434 shares in the last quarter. Loeb Partners Corp acquired a new position in shares of Dollar Tree during the 4th quarter worth about $1,073,000. Finally, New York State Common Retirement Fund boosted its position in shares of Dollar Tree by 2.2% during the 3rd quarter. New York State Common Retirement Fund now owns 521,456 shares of the company’s stock worth $45,273,000 after acquiring an additional 11,287 shares in the last quarter. 90.97% of the stock is owned by hedge funds and other institutional investors.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) opened at $94.42 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.60. The company has a market capitalization of $22,390.00, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 1.22 and a beta of 0.80. Dollar Tree, Inc. has a one year low of $65.63 and a one year high of $116.65.
Several research firms have recently issued reports on DLTR. MKM Partners upped their price objective on Dollar Tree from $96.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 22nd. BMO Capital Markets set a $115.00 price objective on Dollar Tree and gave the stock a “hold” rating in a research report on Saturday, November 25th. KeyCorp reaffirmed an “overweight” rating and set a $115.00 price objective (up from $98.00) on shares of Dollar Tree in a research report on Wednesday, November 22nd. Deutsche Bank set a $119.00 price objective on Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, March 8th. Finally, Raymond James Financial set a $110.00 price objective on Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, March 8th. Twelve research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar Tree presently has an average rating of “Buy” and a consensus target price of $106.08.
In related news, Director Conrad M. Hall acquired 10,000 shares of Dollar Tree stock in a transaction on Friday, March 9th. The stock was purchased at an average cost of $91.83 per share, with a total value of $918,300.00. Following the purchase, the director now directly owns 799 shares in the company, valued at $73,372.17. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.
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Dollar Tree Company 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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