MetLife Investment Management LLC Decreases Position in Dollar Tree, Inc. (NASDAQ:DLTR)

MetLife Investment Management LLC reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,537 shares of the company’s stock after selling 2,696 shares during the period. MetLife Investment Management LLC’s holdings in Dollar Tree were worth $3,694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new position in shares of Dollar Tree in the 2nd quarter valued at $26,000. Mather Group LLC. boosted its stake in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares in the last quarter. Eastern Bank acquired a new stake in shares of Dollar Tree during the third quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar Tree during the second quarter worth about $37,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 6.80% of the stock is owned by company insiders.

Dollar Tree Stock Performance

Shares of DLTR opened at $72.81 on Tuesday. The company has a market capitalization of $15.65 billion, a PE ratio of -14.92, a P/E/G ratio of 2.82 and a beta of 0.87. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The company has a 50-day simple moving average of $67.47 and a 200-day simple moving average of $88.32. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business posted $0.91 earnings per share. Equities research analysts predict that Dollar Tree, Inc. will post 5.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several research analyst reports. Loop Capital lowered Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research report on Thursday, September 5th. Morgan Stanley cut their target price on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Sanford C. Bernstein assumed coverage on shares of Dollar Tree in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price target for the company. Citigroup dropped their price objective on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Guggenheim decreased their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $87.95.

About Dollar Tree

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.