Dollar Tree, Inc. (DLTR) Position Reduced by Renaissance Technologies LLC
Renaissance Technologies LLC cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 99.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,803 shares of the company’s stock after selling 600,100 shares during the period. Renaissance Technologies LLC’s holdings in Dollar Tree were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in DLTR. Fiduciary Management Inc. WI acquired a new stake in Dollar Tree in the 3rd quarter worth approximately $266,051,000. FMR LLC lifted its stake in Dollar Tree by 15.1% during the 3rd quarter. FMR LLC now owns 22,046,619 shares of the company’s stock valued at $1,797,902,000 after acquiring an additional 2,890,549 shares during the period. Dimensional Fund Advisors LP lifted its stake in Dollar Tree by 20.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,084,949 shares of the company’s stock valued at $170,037,000 after acquiring an additional 346,872 shares during the period. Frontier Capital Management Co. LLC lifted its stake in Dollar Tree by 53.7% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 841,804 shares of the company’s stock valued at $68,649,000 after acquiring an additional 294,144 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in Dollar Tree by 46.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 765,828 shares of the company’s stock valued at $62,453,000 after acquiring an additional 243,663 shares during the period. Institutional investors own 92.24% of the company’s stock.
DLTR opened at $97.60 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 2.22 and a debt-to-equity ratio of 0.63. Dollar Tree, Inc. has a 1 year low of $78.78 and a 1 year high of $109.57. The firm has a market capitalization of $23.30 billion, a P/E ratio of 20.08, a PEG ratio of 1.23 and a beta of 0.46.
DLTR has been the subject of several research reports. Gordon Haskett cut shares of Dollar Tree from an “accumulate” rating to a “hold” rating in a research note on Monday, October 15th. KeyCorp lifted their price objective on shares of Dollar Tree from $108.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 17th. BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. ValuEngine upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, Credit Suisse Group set a $96.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a research note on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Dollar Tree has an average rating of “Hold” and an average price target of $99.82.
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Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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