Equity Investment Corp Cuts Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Equity Investment Corp reduced its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,410,594 shares of the company’s stock after selling 114,780 shares during the quarter. Dollar Tree comprises 2.5% of Equity Investment Corp’s investment portfolio, making the stock its 17th biggest holding. Equity Investment Corp owned 0.66% of Dollar Tree worth $105,710,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Empower Advisory Group LLC increased its holdings in Dollar Tree by 41.3% in the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after buying an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Dollar Tree by 374.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after acquiring an additional 1,797 shares during the period. Forest Avenue Capital Management LP purchased a new position in Dollar Tree in the 3rd quarter valued at approximately $19,591,000. Anthracite Investment Company Inc. acquired a new position in Dollar Tree during the third quarter worth $2,813,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Dollar Tree during the third quarter worth $5,235,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $74.14 on Thursday. The company has a market cap of $15.94 billion, a P/E ratio of -15.54, a P/E/G ratio of 2.16 and a beta of 0.89. The firm’s 50 day moving average is $73.46 and its two-hundred day moving average is $73.22. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period last year, the company posted $0.97 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DLTR. Jefferies Financial Group raised their price target on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. BMO Capital Markets raised their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Evercore ISI cut their target price on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Loop Capital increased their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a research note on Friday, December 20th. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Company Profile

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.