Orion Portfolio Solutions LLC Sells 22,227 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Orion Portfolio Solutions LLC reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 44.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,748 shares of the company’s stock after selling 22,227 shares during the period. Orion Portfolio Solutions LLC’s holdings in Dollar Tree were worth $2,079,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DLTR. Assetmark Inc. grew its holdings in shares of Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new position in Dollar Tree during the fourth quarter valued at $30,000. Parkside Financial Bank & Trust grew its stake in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Dollar Tree during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 3.0 %

Shares of Dollar Tree stock opened at $77.57 on Thursday. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of -16.26, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $136.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm’s 50-day moving average is $71.37 and its two-hundred day moving average is $70.41.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the business earned $2.55 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DLTR. Citigroup boosted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Loop Capital restated a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Jefferies Financial Group lifted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Piper Sandler reissued a “neutral” rating and issued a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Finally, StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $83.68.

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.