Avanza Fonder AB Makes New $1.56 Million Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Avanza Fonder AB bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,855 shares of the company's stock, valued at approximately $1,563,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in Dollar Tree during the fourth quarter valued at approximately $30,000. Eastern Bank bought a new stake in shares of Dollar Tree during the 3rd quarter valued at $34,000. First Horizon Advisors Inc. grew its position in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock valued at $39,000 after acquiring an additional 284 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock worth $44,000 after purchasing an additional 554 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Dollar Tree during the third quarter valued at $48,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Dollar Tree stock traded up $0.99 during mid-day trading on Friday, reaching $72.07. 2,257,079 shares of the company's stock traded hands, compared to its average volume of 2,500,781. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The company has a market cap of $15.49 billion, a price-to-earnings ratio of -15.11, a PEG ratio of 2.32 and a beta of 0.90. The stock has a 50 day moving average of $70.81 and a two-hundred day moving average of $79.01. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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

Analyst Ratings Changes

A number of analysts have commented on DLTR shares. Citigroup upped their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Truist Financial raised their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Sanford C. Bernstein started coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 price target for the company. KeyCorp downgraded shares of Dollar Tree from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group upped their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus 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.