abrdn plc Cuts Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

abrdn plc trimmed its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,948 shares of the company's stock after selling 5,413 shares during the quarter. abrdn plc's holdings in Dollar Tree were worth $4,873,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in shares of Dollar Tree during the 2nd quarter valued at approximately $779,000. Czech National Bank grew its stake in shares of Dollar Tree by 4.2% in the third quarter. Czech National Bank now owns 41,159 shares of the company's stock worth $2,894,000 after acquiring an additional 1,670 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Dollar Tree by 448.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,712 shares of the company's stock worth $120,000 after acquiring an additional 1,400 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Dollar Tree by 62.6% during the third quarter. Inspire Investing LLC now owns 4,024 shares of the company's stock worth $283,000 after purchasing an additional 1,549 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Dollar Tree during the third quarter worth $218,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

DLTR traded up $0.27 on Thursday, hitting $72.01. 1,513,156 shares of the company were exchanged, compared to its average volume of 2,611,976. The business's fifty day moving average is $72.84 and its 200 day moving average is $74.96. The firm has a market capitalization of $15.48 billion, a P/E ratio of -15.10, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. 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 debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on DLTR. Guggenheim lowered 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. Truist Financial boosted their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Sanford C. Bernstein started coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $85.58.

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.