Edgestream Partners L.P. Invests $1.40 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

Edgestream Partners L.P. purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,652 shares of the company's stock, valued at approximately $1,398,000.

Other large investors have also added to or reduced their stakes in the company. Equity Investment Corp lifted its holdings in shares of Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock worth $107,264,000 after purchasing an additional 746,913 shares during the period. State Street Corp lifted its stake in Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock valued at $662,971,000 after acquiring an additional 596,191 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in shares of Dollar Tree by 45.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company's stock valued at $95,994,000 after acquiring an additional 425,245 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Dollar Tree in the fourth quarter worth $24,922,000. Finally, Forest Avenue Capital Management LP acquired a new stake in shares of Dollar Tree in the third quarter worth $19,591,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DLTR shares. BMO Capital Markets upped their price target 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. Truist Financial raised their target price on Dollar Tree from $79.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Citigroup boosted their price target on Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Guggenheim dropped their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, December 6th. Finally, Evercore ISI cut 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 report on Tuesday, December 3rd. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Dollar Tree has an average rating of "Hold" and a consensus target price of $84.79.

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Dollar Tree Price Performance

DLTR traded down $1.04 on Wednesday, hitting $64.65. 1,640,502 shares of the company's stock were exchanged, compared to its average volume of 3,441,762. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $150.74. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of -13.56, a P/E/G ratio of 2.16 and a beta of 0.91. The firm has a 50-day moving average price of $72.63 and a 200-day moving average price of $71.29. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

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.