Riverpark Capital Management LLC Has Cut Dollar Tree INC (DLTR) Stake as Stock Declined

May 18, 2018 - By Migdalia James

Dollar Tree, Inc. (NASDAQ:DLTR) LogoInvestors sentiment increased to 1.17 in 2017 Q4. Its up 0.14, from 1.03 in 2017Q3. It improved, as 39 investors sold DLTR shares while 197 reduced holdings. 102 funds opened positions while 175 raised stakes. 204.89 million shares or 1.30% more from 202.27 million shares in 2017Q3 were reported. Gideon holds 0.19% or 1,998 shares. State Treasurer State Of Michigan invested in 0.06% or 69,510 shares. Covington Capital Mngmt stated it has 315 shares or 0% of all its holdings. First Republic Invest Mngmt Inc has invested 0.01% in Dollar Tree, Inc. (NASDAQ:DLTR). Veritable Limited Partnership accumulated 13,102 shares. Manchester Capital Ltd Liability Company holds 0% of its portfolio in Dollar Tree, Inc. (NASDAQ:DLTR) for 68 shares. California-based Ascend Capital Lc has invested 0.97% in Dollar Tree, Inc. (NASDAQ:DLTR). Sector Pension Invest Board reported 26,425 shares. Stock Yards Bankshares And Tru Co has 0.24% invested in Dollar Tree, Inc. (NASDAQ:DLTR). Caxton Associate LP owns 5,000 shares for 0.03% of their portfolio. Asset Advisors Corporation has invested 0% in Dollar Tree, Inc. (NASDAQ:DLTR). Tci Wealth has invested 0.01% in Dollar Tree, Inc. (NASDAQ:DLTR). Loring Wolcott Coolidge Fiduciary Advisors Llp Ma invested in 715 shares. Integral Derivatives Lc has 0.01% invested in Dollar Tree, Inc. (NASDAQ:DLTR) for 3,100 shares. 24,465 were reported by Churchill.

Since March 9, 2018, it had 1 buy, and 4 sales for $746,247 activity. 6,023 shares were sold by BARRON ARNOLD S, worth $569,084 on Tuesday, March 20. Hall Conrad M. had bought 10,000 shares worth $918,281 on Friday, March 9.

Riverpark Capital Management Llc decreased its stake in Dollar Tree Inc (DLTR) by 33.08% based on its latest 2017Q4 regulatory filing with the SEC. Riverpark Capital Management Llc sold 146,531 shares as the company’s stock declined 14.46% with the market. The institutional investor held 296,440 shares of the consumer services company at the end of 2017Q4, valued at $31.81 million, down from 442,971 at the end of the previous reported quarter. Riverpark Capital Management Llc who had been investing in Dollar Tree Inc for a number of months, seems to be less bullish one the $22.38 billion market cap company. The stock decreased 0.21% or $0.2 during the last trading session, reaching $94.29. About 1.40 million shares traded. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 22.99% since May 18, 2017 and is uptrending. It has outperformed by 11.44% the S&P500.

Analysts await Dollar Tree, Inc. (NASDAQ:DLTR) to report earnings on May, 24. They expect $1.24 EPS, up 26.53 % or $0.26 from last year’s $0.98 per share. DLTR’s profit will be $294.29M for 19.01 P/E if the $1.24 EPS becomes a reality. After $1.89 actual EPS reported by Dollar Tree, Inc. for the previous quarter, Wall Street now forecasts -34.39 % negative EPS growth.

More recent Dollar Tree, Inc. (NASDAQ:DLTR) news were published by: Streetinsider.com which released: “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” on May 15, 2018. Also Seekingalpha.com published the news titled: “Death Of Retail Is Premature” on May 16, 2018. Benzinga.com‘s news article titled: “What Is Intermarket Analysis?” with publication date: May 14, 2018 was also an interesting one.

Dollar Tree, Inc. (NASDAQ:DLTR) Ratings Coverage

Among 21 analysts covering Dollar Tree (NASDAQ:DLTR), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Dollar Tree had 39 analyst reports since November 20, 2017 according to SRatingsIntel. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, November 22. The firm earned “Buy” rating on Tuesday, November 21 by Bank of America. Jefferies maintained the stock with “Hold” rating in Friday, February 16 report. The stock has “Strong Buy” rating by Raymond James on Thursday, March 8. Wells Fargo maintained it with “Buy” rating and $138.0 target in Tuesday, January 23 report. The rating was maintained by Jefferies with “Hold” on Wednesday, March 7. The stock has “Buy” rating by Bank of America on Tuesday, January 30. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) earned “Outperform” rating by Raymond James on Monday, April 16. As per Monday, March 26, the company rating was upgraded by PiperJaffray. The stock of Dollar Tree, Inc. (NASDAQ:DLTR) has “Buy” rating given on Tuesday, January 30 by Guggenheim.

Dollar Tree, Inc. (NASDAQ:DLTR) Institutional Positions Chart

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