Blueshift Asset Management LLC Boosts Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Blueshift Asset Management LLC lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 33.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,230 shares of the company's stock after buying an additional 4,351 shares during the period. Blueshift Asset Management LLC's holdings in Dollar Tree were worth $1,291,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. increased its holdings in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc purchased a new position in Dollar Tree during the fourth quarter valued at $30,000. Parkside Financial Bank & Trust grew its position in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after purchasing an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake 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 purchasing an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. raised 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 worth $39,000 after purchasing an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Piper Sandler restated a "neutral" rating and issued a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Telsey Advisory Group reissued a "market perform" rating and set a $75.00 price objective on shares of Dollar Tree in a research report on Thursday, March 6th. Evercore ISI lowered their target price on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating for the company in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets raised their price target on Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a research note on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $84.26.

Dollar Tree Price Performance

NASDAQ:DLTR traded up $2.99 during mid-day trading on Monday, hitting $69.74. 6,309,574 shares of the company's stock traded hands, compared to its average volume of 3,387,227. The firm's 50 day simple moving average is $71.12 and its 200 day simple moving average is $70.13. The company has a market cap of $14.99 billion, a PE ratio of -14.62, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $137.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

About Dollar Tree

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.