Orion Porfolio Solutions LLC Trims Holdings in Dollar Tree, Inc. $DLTR

Orion Porfolio Solutions LLC reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 15.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,298 shares of the company’s stock after selling 7,437 shares during the period. Orion Porfolio Solutions LLC’s holdings in Dollar Tree were worth $3,803,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC boosted its holdings 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 acquiring an additional 95 shares in the last quarter. Versant Capital Management Inc raised its holdings in Dollar Tree by 3.8% during the third quarter. Versant Capital Management Inc now owns 2,867 shares of the company’s stock worth $271,000 after purchasing an additional 106 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings in Dollar Tree by 10.7% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,122 shares of the company’s stock worth $106,000 after purchasing an additional 108 shares in the last quarter. Louisbourg Investments Inc. lifted its position in Dollar Tree by 0.3% in the third quarter. Louisbourg Investments Inc. now owns 45,304 shares of the company’s stock worth $4,275,000 after purchasing an additional 144 shares during the period. Finally, Bridgewater Advisors Inc. lifted its position in Dollar Tree by 4.5% in the third quarter. Bridgewater Advisors Inc. now owns 3,443 shares of the company’s stock worth $314,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DLTR. BNP Paribas Exane downgraded Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 price objective on the stock. in a research note on Wednesday, January 21st. Barclays lifted their target price on Dollar Tree from $136.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $126.00 price target on shares of Dollar Tree in a report on Thursday, January 8th. Sanford C. Bernstein raised their price objective on shares of Dollar Tree from $109.00 to $123.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Finally, Morgan Stanley lifted their price objective on shares of Dollar Tree from $130.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $124.62.

Dollar Tree Stock Performance

Dollar Tree stock opened at $115.82 on Monday. The firm’s 50 day simple moving average is $127.05 and its 200-day simple moving average is $112.79. The company has a market cap of $23.03 billion, a P/E ratio of -8.61, a price-to-earnings-growth ratio of 1.44 and a beta of 0.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.22. Dollar Tree, Inc. has a fifty-two week low of $61.80 and a fifty-two week high of $142.40.

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.