Cerity Partners LLC Sells 13,572 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Cerity Partners LLC trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 23.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,809 shares of the company’s stock after selling 13,572 shares during the quarter. Cerity Partners LLC’s holdings in Dollar Tree were worth $3,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DLTR. Primecap Management Co. CA lifted its position in Dollar Tree by 5.5% during the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after acquiring an additional 158,385 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Dollar Tree by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after purchasing an additional 138,042 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Dollar Tree by 6.6% during the second quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after purchasing an additional 124,021 shares during the last quarter. Equity Investment Corp boosted its position in shares of Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after purchasing an additional 746,913 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Dollar Tree by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock worth $88,141,000 after buying an additional 10,681 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the subject of a number of recent research reports. Barclays lowered their price objective on Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Citigroup cut their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. lifted their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Telsey Advisory Group cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and cut their price target for the company from $95.00 to $75.00 in a report on Tuesday, November 5th. Finally, Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.95.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now directly owns 9,823 shares in the company, valued at $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.80% of the company’s stock.

Dollar Tree Trading Down 0.3 %

NASDAQ:DLTR opened at $71.27 on Friday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The business has a fifty day moving average price of $67.47 and a 200-day moving average price of $88.53. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of -14.60, a price-to-earnings-growth ratio of 2.83 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.35 EPS for the current year.

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.