Channing Capital Management LLC Sells 11,026 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Channing Capital Management LLC lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,363 shares of the company's stock after selling 11,026 shares during the quarter. Channing Capital Management LLC's holdings in Dollar Tree were worth $7,154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Dollar Tree by 13.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,812 shares of the company's stock worth $3,706,000 after purchasing an additional 4,129 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Dollar Tree by 71.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 26,894 shares of the company's stock valued at $2,863,000 after buying an additional 11,188 shares during the period. Raymond James & Associates grew its stake in shares of Dollar Tree by 2.2% in the third quarter. Raymond James & Associates now owns 111,442 shares of the company's stock worth $11,863,000 after acquiring an additional 2,434 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Dollar Tree by 22.9% in the third quarter. Stratos Wealth Partners LTD. now owns 3,875 shares of the company's stock valued at $412,000 after acquiring an additional 722 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Dollar Tree by 2.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,044 shares of the company's stock valued at $3,943,000 after purchasing an additional 959 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Trading Down 0.5 %

DLTR traded down $0.55 on Monday, reaching $120.18. 1,775,561 shares of the company's stock were exchanged, compared to its average volume of 2,725,760. The company's 50 day moving average is $131.00 and its 200-day moving average is $129.58. The company has a market cap of $26.20 billion, a price-to-earnings ratio of -26.01, a PEG ratio of 1.14 and a beta of 0.92. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same period last year, the company posted $2.04 EPS. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts predict that Dollar Tree, Inc. will post 6.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DLTR shares. Wells Fargo & Company raised their price objective on shares of Dollar Tree from $160.00 to $180.00 and gave the stock an "overweight" rating in a report on Monday, March 4th. JPMorgan Chase & Co. upped their price target on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an "overweight" rating in a research note on Monday, April 15th. Oppenheimer reaffirmed a "market perform" rating on shares of Dollar Tree in a research note on Monday, March 4th. Gordon Haskett cut shares of Dollar Tree from a "buy" rating to a "hold" rating and lowered their price target for the stock from $150.00 to $140.00 in a research note on Wednesday, April 3rd. Finally, TheStreet cut shares of Dollar Tree from a "b-" rating to a "c" rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $150.05.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 1,000 shares of the stock in a transaction on Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the transaction, the director now directly owns 6,225 shares of the company's stock, valued at $795,866.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Jeffrey A. Davis purchased 1,800 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was acquired at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the transaction, the chief financial officer now owns 19,047 shares of the company's stock, valued at $2,590,392. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Heinrich purchased 1,000 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now directly owns 6,225 shares of the company's stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is owned by corporate insiders.

About Dollar Tree

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.