Stevens Capital Management LP Buys Shares of 6,424 Dollar Tree, Inc. (NASDAQ:DLTR)

Stevens Capital Management LP acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,424 shares of the company's stock, valued at approximately $481,000.

A number of other institutional investors also recently modified their holdings of DLTR. Assetmark Inc. raised its holdings in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares during the period. Deseret Mutual Benefit Administrators increased its stake in Dollar Tree by 20.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock valued at $68,000 after purchasing an additional 157 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after buying an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock worth $508,000 after acquiring an additional 220 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

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Analyst Ratings Changes

A number of analysts have commented on DLTR shares. UBS Group lowered their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. lowered their price target on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday. Evercore ISI lifted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a report on Thursday. Telsey Advisory Group raised their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research report on Thursday. Finally, Jefferies Financial Group increased their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $83.68.

Dollar Tree Price Performance

Shares of DLTR traded up $6.59 during midday trading on Thursday, hitting $75.80. 8,101,311 shares of the company traded hands, compared to its average volume of 3,474,099. The stock has a 50-day moving average of $71.03 and a 200-day moving average of $70.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $137.14. The firm has a market cap of $16.30 billion, a P/E ratio of -15.88, a PEG ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted 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 analysts' expectations of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.55 earnings per share. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree 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.