Catalyst Funds Management Pty Ltd Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Catalyst Funds Management Pty Ltd purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 92,200 shares of the company's stock, valued at approximately $6,909,000. Dollar Tree makes up 1.7% of Catalyst Funds Management Pty Ltd's investment portfolio, making the stock its 9th biggest holding.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. increased its stake in 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 stake in shares of Dollar Tree in the 4th quarter valued at $30,000. Parkside Financial Bank & Trust boosted its holdings in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after acquiring an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after acquiring an additional 210 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Dollar Tree by 105.6% in 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 last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently commented on DLTR shares. BMO Capital Markets upped their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a report on Thursday, December 5th. Citigroup upped their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Jefferies Financial Group increased their price target 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. Evercore ISI lowered their price target on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating on the stock in a report on Tuesday, December 3rd. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $75.00 price target on shares of Dollar Tree in a report on Thursday, March 6th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $84.79.

Dollar Tree Trading Down 1.0 %

Shares of DLTR traded down $0.68 during trading on Wednesday, reaching $64.30. 2,637,859 shares of the company traded hands, compared to its average volume of 3,373,788. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $137.14. The stock has a market cap of $13.82 billion, a PE ratio of -13.48, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The stock has a 50-day simple moving average of $71.57 and a 200-day simple moving average of $70.36. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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.