Intech Investment Management LLC Cuts Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Intech Investment Management LLC lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 87.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,393 shares of the company’s stock after selling 225,745 shares during the period. Intech Investment Management LLC’s holdings in Dollar Tree were worth $2,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp increased its stake in shares of Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after purchasing an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. increased its stake in shares of Dollar Tree by 0.5% during the third quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock worth $487,987,000 after purchasing an additional 35,862 shares in the last quarter. Primecap Management Co. CA increased its stake in shares of Dollar Tree by 31.3% during the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock worth $298,143,000 after purchasing an additional 947,580 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Dollar Tree by 9.8% during the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock worth $129,724,000 after purchasing an additional 165,398 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Dollar Tree during the fourth quarter worth about $113,315,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $64.59 on Friday. The firm’s 50 day moving average price is $71.27 and its 200-day moving average price is $70.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $137.14. The firm has a market cap of $13.89 billion, a P/E ratio of -13.54, a P/E/G ratio of 2.16 and a beta of 0.91.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company dropped their price objective 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. Evercore ISI dropped their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a research note on Thursday, March 6th. Jefferies Financial Group upped their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Finally, Citigroup upped their price objective 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. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $84.79.

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.