Renaissance Technologies LLC Reduced Holding in Dollar Tree, Inc. (DLTR)

Renaissance Technologies LLC Reduced Holding in Dollar Tree, Inc. (DLTR)

Renaissance Technologies LLC decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 99.5% in the third quarter, according to its most recent Form 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 quarter. Renaissance Technologies LLC’s holdings in Dollar Tree were worth $229,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Redmond Asset Management LLC grew its holdings in shares of Dollar Tree by 148.1% during the third quarter. Redmond Asset Management LLC now owns 53,573 shares of the company’s stock worth $4,369,000 after buying an additional 31,977 shares in the last quarter. Zuckerman Investment Group LLC grew its holdings in shares of Dollar Tree by 0.6% during the third quarter. Zuckerman Investment Group LLC now owns 141,482 shares of the company’s stock worth $11,538,000 after buying an additional 776 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Dollar Tree by 32.8% during the third quarter. Raymond James Trust N.A. now owns 3,814 shares of the company’s stock worth $311,000 after buying an additional 942 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Dollar Tree by 54.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,687 shares of the company’s stock worth $3,082,000 after buying an additional 13,218 shares in the last quarter. Finally, United Services Automobile Association grew its holdings in shares of Dollar Tree by 0.8% during the third quarter. United Services Automobile Association now owns 142,143 shares of the company’s stock worth $11,592,000 after buying an additional 1,143 shares in the last quarter. 92.24% of the stock is owned by institutional investors and hedge funds.

NASDAQ DLTR opened at $97.60 on Tuesday. Dollar Tree, Inc. has a 12 month low of $78.78 and a 12 month high of $109.57. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.48 and a current ratio of 2.22. The stock has a market capitalization of $23.30 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.23 and a beta of 0.46.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, November 29th. The company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.03. Dollar Tree had a net margin of 7.64% and a return on equity of 17.11%. The company had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. Dollar Tree’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts predict that Dollar Tree, Inc. will post 5.45 EPS for the current fiscal year.

DLTR has been the subject of a number of research reports. BidaskClub raised shares of Dollar Tree from a “buy” rating to a “strong-buy” rating in a report on Friday, January 4th. Credit Suisse Group set a $96.00 target price on shares of Dollar Tree and gave the stock a “buy” rating in a report on Monday, November 26th. Oppenheimer cut shares of Dollar Tree from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $92.00 to $104.00 in a research report on Thursday, January 10th. BMO Capital Markets began coverage on shares of Dollar Tree in a research report on Thursday, January 10th. They set a “market perform” rating on the stock. Finally, Gordon Haskett cut shares of Dollar Tree from an “accumulate” rating to a “hold” rating in a research report on Monday, October 15th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company’s stock. Dollar Tree presently has a consensus rating of “Hold” and an average price target of $99.82.

Dollar Tree 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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