Dollar Tree, Inc. $DLTR Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 36.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 121,537 shares of the company’s stock after selling 70,937 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dollar Tree were worth $14,950,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its position in shares of Dollar Tree by 20.3% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 563 shares of the company’s stock valued at $53,000 after buying an additional 95 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Dollar Tree by 7.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,442 shares of the company’s stock valued at $177,000 after buying an additional 95 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Dollar Tree by 3.8% in the third quarter. Versant Capital Management Inc now owns 2,867 shares of the company’s stock valued at $271,000 after buying an additional 106 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of Dollar Tree by 10.7% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,122 shares of the company’s stock valued at $106,000 after buying an additional 108 shares during the last quarter. Finally, Vident Advisory LLC raised its position in shares of Dollar Tree by 1.3% in the third quarter. Vident Advisory LLC now owns 9,727 shares of the company’s stock valued at $918,000 after buying an additional 121 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

Dollar Tree stock opened at $101.97 on Thursday. Dollar Tree, Inc. has a 1 year low of $78.70 and a 1 year high of $142.40. The firm has a 50 day moving average price of $113.49 and a 200 day moving average price of $114.22. The company has a market cap of $20.12 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.30 and a beta of 0.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the firm earned $2.11 earnings per share. Dollar Tree’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts predict that Dollar Tree, Inc. will post 6.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DLTR. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $126.00 price objective on shares of Dollar Tree in a research report on Thursday, January 8th. Sanford C. Bernstein boosted their target price on shares of Dollar Tree from $123.00 to $124.00 and gave the company a “market perform” rating in a report on Tuesday, March 17th. Citigroup lowered their target price on shares of Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Bank of America boosted their target price on shares of Dollar Tree from $85.00 to $89.00 and gave the company an “underperform” rating in a report on Monday, March 16th. Finally, Morgan Stanley lowered their target price on shares of Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, March 17th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $122.76.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.