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Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC cut its position in Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 45.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,370 shares of the company’s stock after selling 4,526 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Dollar Tree were worth $731,000 at the end of the most recent quarter.

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A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mantle Ridge LP boosted its position in Dollar Tree by 11,365,431.0% during the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock worth $1,820,190,000 after acquiring an additional 11,365,431 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Dollar Tree by 267.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,409,680 shares of the company’s stock valued at $191,857,000 after purchasing an additional 1,026,482 shares during the period. Invesco Ltd. raised its stake in shares of Dollar Tree by 69.3% in the 1st quarter. Invesco Ltd. now owns 1,825,658 shares of the company’s stock worth $292,377,000 after buying an additional 747,162 shares in the last quarter. National Bank of Canada FI boosted its stake in Dollar Tree by 101.2% during the second quarter. National Bank of Canada FI now owns 1,152,687 shares of the company’s stock valued at $179,952,000 after buying an additional 579,724 shares in the last quarter. Finally, Capital International Investors boosted its stake in Dollar Tree by 18.2% during the first quarter. Capital International Investors now owns 3,562,857 shares of the company’s stock valued at $570,592,000 after buying an additional 548,597 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLTR has been the subject of a number of research analyst reports. OTR Global raised shares of Dollar Tree from a “mixed” rating to a “positive” rating in a report on Wednesday, November 16th. Evercore ISI lowered their price target on Dollar Tree from $170.00 to $160.00 in a research report on Wednesday, November 23rd. TheStreet upgraded Dollar Tree from a “c+” rating to a “b-” rating in a research report on Monday, October 31st. Truist Financial set a $170.00 price objective on Dollar Tree in a research note on Thursday, November 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Dollar Tree from $163.00 to $194.00 in a report on Wednesday, November 23rd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $172.13.

Dollar Tree Price Performance

Shares of DLTR traded down $1.33 during trading hours on Wednesday, reaching $146.40. 10,155 shares of the company’s stock traded hands, compared to its average volume of 1,779,485. Dollar Tree, Inc. has a 12 month low of $123.62 and a 12 month high of $177.19. The company has a current ratio of 1.38, a quick ratio of 0.17 and a debt-to-equity ratio of 0.41. The stock has a market cap of $32.78 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.37 and a beta of 0.70. The firm’s 50 day simple moving average is $148.42 and its 200-day simple moving average is $151.41.

Dollar Tree (NASDAQ:DLTRGet Rating) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $6.94 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Dollar Tree had a return on equity of 19.82% and a net margin of 5.84%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS. Equities analysts expect that Dollar Tree, Inc. will post 7.19 EPS for the current year.

Dollar Tree Company Profile

(Get Rating)

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.

See Also

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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