Dollar Tree, Inc. $DLTR Shares Sold by Horizon Investments LLC

Key Points

• Horizon Investments LLC cut its Dollar Tree stake by 76.8% in Q4, selling 77,834 shares and leaving 23,577 shares valued at about $2.9 million.
• Dollar Tree reported Q4 EPS of $2.56, beating estimates by $0.03 with revenue up 9% year-over-year but slightly below expectations; analysts’ consensus rating is "Hold" with a $122.76 target.
• Institutional investors and hedge funds own a dominant 97.40% of Dollar Tree’s shares.

Horizon Investments LLC lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 76.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,577 shares of the company's stock after selling 77,834 shares during the quarter. Horizon Investments LLC's holdings in Dollar Tree were worth $2,900,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Dollar Tree during the third quarter worth approximately $29,000. YANKCOM Partnership acquired a new stake in shares of Dollar Tree during the fourth quarter worth approximately $31,000. FNY Investment Advisers LLC acquired a new stake in shares of Dollar Tree during the third quarter worth approximately $37,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar Tree during the fourth quarter worth approximately $39,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Dollar Tree by 90.5% during the third quarter. Smartleaf Asset Management LLC now owns 423 shares of the company's stock worth $40,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Performance

Dollar Tree stock opened at $94.05 on Tuesday. The company has a market cap of $18.56 billion, a PE ratio of 15.05, a P/E/G ratio of 1.18 and a beta of 0.61. The company has a fifty day moving average price of $109.89 and a two-hundred day moving average price of $114.81. 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 12 month low of $83.11 and a 12 month high of $142.40.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Monday, March 16th. The company reported $2.56 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.03. The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The firm's revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.11 earnings per share. Research analysts expect that Dollar Tree, Inc. will post 6.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DLTR. Jefferies Financial Group raised their price target on shares of Dollar Tree from $75.00 to $80.00 and gave the stock an "underperform" rating in a research report on Tuesday, March 17th. Telsey Advisory Group reissued an "outperform" rating and set a $150.00 price target on shares of Dollar Tree in a research report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $126.00 price target on shares of Dollar Tree in a research report on Thursday, January 8th. BMO Capital Markets reaffirmed an "underperform" rating on shares of Dollar Tree in a report on Tuesday, March 17th. Finally, Sanford C. Bernstein lifted their price objective on shares of Dollar Tree from $123.00 to $124.00 and gave the stock a "market perform" rating in a report on Tuesday, March 17th. 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, the company currently has an average rating of "Hold" and a consensus target price of $122.76.

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.

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