Strategic Wealth Investment Group LLC Buys New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Strategic Wealth Investment Group LLC acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,979 shares of the company's stock, valued at approximately $448,000.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in shares of Dollar Tree by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 123,313 shares of the company's stock valued at $13,166,000 after acquiring an additional 862 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dollar Tree by 101.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,960 shares of the company's stock valued at $316,000 after purchasing an additional 1,490 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Dollar Tree in the 2nd quarter worth approximately $779,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Dollar Tree by 321.4% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 199,726 shares of the company's stock worth $21,325,000 after buying an additional 152,326 shares during the period. Finally, Czech National Bank grew its position in Dollar Tree by 4.2% in the third quarter. Czech National Bank now owns 41,159 shares of the company's stock valued at $2,894,000 after acquiring an additional 1,670 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Trading Up 3.2 %

NASDAQ DLTR traded up $2.28 during trading on Tuesday, reaching $73.91. 1,374,028 shares of the stock traded hands, compared to its average volume of 2,787,400. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a market cap of $15.89 billion, a price-to-earnings ratio of -15.56, a price-to-earnings-growth ratio of 2.34 and a beta of 0.89. The stock's 50-day moving average price is $72.61 and its 200 day moving average price is $76.31.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter last year, the business posted $0.97 EPS. The firm's revenue was up 3.5% compared to the same quarter last year. Analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DLTR shares. Jefferies Financial Group increased their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Guggenheim cut their target price on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, December 6th. Sanford C. Bernstein began coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a "market perform" rating and a $76.00 price target on the stock. Piper Sandler reiterated a "neutral" rating and issued a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Finally, Evercore ISI decreased their target price on Dollar Tree from $94.00 to $92.00 and set an "in-line" rating on the stock in a report on Tuesday, December 3rd. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $85.58.

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.