SG Americas Securities LLC Has $6.26 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

SG Americas Securities LLC cut its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 90.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,557 shares of the company’s stock after selling 793,347 shares during the period. SG Americas Securities LLC’s holdings in Dollar Tree were worth $6,262,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc bought a new position in Dollar Tree during the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Eastern Bank bought a new position in shares of Dollar Tree during the 3rd quarter valued at $34,000. First Horizon Advisors Inc. lifted its stake 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. Finally, Sunbelt Securities Inc. boosted its holdings in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DLTR. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Loop Capital raised their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Jefferies Financial Group upped their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. KeyCorp lowered shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets upped their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $85.58.

Dollar Tree Stock Up 1.9 %

Shares of DLTR stock opened at $72.48 on Friday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a fifty day moving average price of $71.51 and a 200 day moving average price of $78.25. The stock has a market cap of $15.58 billion, a P/E ratio of -15.19, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The business’s revenue was up 3.5% on a year-over-year basis. Analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree Company Profile

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.