American Century Companies Inc. Reduces Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

American Century Companies Inc. reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,098,425 shares of the company’s stock after selling 41,950 shares during the period. American Century Companies Inc. owned 0.98% of Dollar Tree worth $157,256,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DLTR. OneDigital Investment Advisors LLC raised its stake in Dollar Tree by 12.6% in the third quarter. OneDigital Investment Advisors LLC now owns 3,208 shares of the company’s stock worth $226,000 after buying an additional 358 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Dollar Tree by 14.4% during the third quarter. Empowered Funds LLC now owns 3,453 shares of the company’s stock valued at $243,000 after purchasing an additional 435 shares in the last quarter. Quest Partners LLC increased its stake in shares of Dollar Tree by 28.3% during the third quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock valued at $141,000 after purchasing an additional 442 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Dollar Tree during the third quarter valued at approximately $353,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Citigroup raised their target price on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. UBS Group decreased their target price on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday. Loop Capital raised their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $75.00 price target on shares of Dollar Tree in a report on Thursday, March 6th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.26.

Dollar Tree Trading Up 3.3 %

Shares of Dollar Tree stock opened at $66.75 on Friday. The company’s fifty day simple moving average is $71.15 and its 200-day simple moving average is $70.08. The stock has a market capitalization of $14.35 billion, a PE ratio of -13.99, a P/E/G 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 $137.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree 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.