Envestnet Portfolio Solutions Inc. decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 59.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,278 shares of the company's stock after selling 4,871 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Dollar Tree were worth $246,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. boosted its position in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Dollar Tree during the 4th quarter worth $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 worth $32,000 after buying an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after buying an additional 210 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock worth $44,000 after buying an additional 554 shares during the last quarter. Institutional investors own 97.40% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on DLTR. BMO Capital Markets boosted their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a research note on Thursday, December 5th. Evercore ISI upped their price objective on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research note on Thursday, March 27th. Piper Sandler reissued a "neutral" rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Wells Fargo & Company boosted their target price on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Guggenheim cut their price target on Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $83.68.
View Our Latest Report on DLTR
Dollar Tree Price Performance
Shares of DLTR stock traded up $2.23 on Wednesday, reaching $77.57. The company's stock had a trading volume of 5,521,391 shares, compared to its average volume of 3,662,991. The company has a market capitalization of $16.68 billion, a P/E ratio of -16.26, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $136.02. The stock's 50 day simple moving average is $71.37 and its 200-day simple moving average is $70.41. 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 issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $2.55 EPS. As a group, equities analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.
About Dollar Tree
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Free Report)
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.
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