Kettle Hill Capital Management LLC Sells 131,762 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Kettle Hill Capital Management LLC cut its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 50.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,019 shares of the company’s stock after selling 131,762 shares during the quarter. Dollar Tree accounts for approximately 2.1% of Kettle Hill Capital Management LLC’s holdings, making the stock its 20th largest position. Kettle Hill Capital Management LLC’s holdings in Dollar Tree were worth $9,744,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DLTR. Geller Advisors LLC bought a new position in shares of Dollar Tree during the fourth quarter valued at $233,000. Gotham Asset Management LLC raised its position in Dollar Tree by 72.6% in the 4th quarter. Gotham Asset Management LLC now owns 44,621 shares of the company’s stock worth $3,344,000 after buying an additional 18,764 shares during the last quarter. Graham Capital Management L.P. bought a new position in Dollar Tree during the 4th quarter valued at about $387,000. Focus Partners Wealth boosted its holdings in shares of Dollar Tree by 16.3% during the 4th quarter. Focus Partners Wealth now owns 10,433 shares of the company’s stock valued at $782,000 after acquiring an additional 1,465 shares during the last quarter. Finally, Fund 1 Investments LLC bought a new stake in shares of Dollar Tree in the fourth quarter worth approximately $7,041,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of research analyst reports. Loop Capital restated a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. UBS Group dropped their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Sanford C. Bernstein set a $82.00 price objective on Dollar Tree and gave the company a “market perform” rating in a research report on Monday, May 5th. Bank of America dropped their target price on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $103.00 in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and a consensus price target of $82.68.

Insider Activity at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $316,055.70. The trade was a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William W. Douglas III acquired 701 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares of the company’s stock, valued at approximately $103,275. The trade was a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by insiders.

Dollar Tree Stock Performance

DLTR opened at $85.51 on Friday. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of -17.93, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $123.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a fifty day moving average of $73.91 and a 200 day moving average of $71.93.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm posted $2.55 earnings per share. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal 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.