Axa S.A. Cuts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Posted by on Mar 2nd, 2023

Axa S.A. trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,820 shares of the company’s stock after selling 252 shares during the period. Axa S.A.’s holdings in Dollar Tree were worth $384,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Wipfli Financial Advisors LLC purchased a new stake in Dollar Tree in the third quarter worth about $217,000. Walleye Capital LLC lifted its holdings in shares of Dollar Tree by 73.0% during the second quarter. Walleye Capital LLC now owns 22,294 shares of the company’s stock valued at $3,475,000 after purchasing an additional 9,404 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Dollar Tree by 25.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the company’s stock valued at $1,469,000 after acquiring an additional 1,884 shares during the period. Gateway Investment Advisers LLC lifted its holdings in Dollar Tree by 11.0% in the third quarter. Gateway Investment Advisers LLC now owns 4,175 shares of the company’s stock valued at $568,000 after acquiring an additional 414 shares during the period. Finally, Credit Suisse AG lifted its holdings in Dollar Tree by 4.0% in the second quarter. Credit Suisse AG now owns 297,807 shares of the company’s stock valued at $46,414,000 after acquiring an additional 11,374 shares during the period. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial set a $170.00 price objective on Dollar Tree in a research note on Thursday, November 24th. Telsey Advisory Group dropped their target price on Dollar Tree from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 24th. Piper Sandler raised their price target on Dollar Tree from $167.00 to $173.00 and gave the stock an “overweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Dollar Tree from $163.00 to $194.00 in a research note on Wednesday, November 23rd. Finally, Barclays began coverage on Dollar Tree in a report on Tuesday, February 7th. They issued an “equal weight” rating and a $145.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $170.88.

Dollar Tree Stock Up 2.0 %

Shares of NASDAQ DLTR opened at $148.12 on Thursday. The company has a quick ratio of 0.17, a current ratio of 1.38 and a debt-to-equity ratio of 0.41. The stock has a market cap of $33.17 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.24 and a beta of 0.70. The business has a 50-day moving average price of $146.40 and a 200 day moving average price of $147.59. Dollar Tree, Inc. has a 52-week low of $124.76 and a 52-week high of $177.19.

Dollar Tree (NASDAQ:DLTR – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.02. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The company had revenue of $7.72 billion for the quarter, compared to analysts’ expectations of $7.61 billion. During the same period in the previous year, the company posted $2.01 EPS. Dollar Tree’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Dollar Tree, Inc. will post 7.2 earnings per share for the current year.

Dollar Tree Profile

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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.

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

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