Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 69.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,418 shares of the company's stock after acquiring an additional 3,873 shares during the period. Fifth Third Bancorp's holdings in Dollar Tree were worth $706,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DLTR. Versant Capital Management Inc purchased a new position in shares of Dollar Tree in the 4th quarter worth $30,000. MassMutual Private Wealth & Trust FSB increased its position in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after purchasing an additional 210 shares during the period. Eastern Bank bought a new stake in Dollar Tree during the 3rd quarter valued at $34,000. First Horizon Advisors Inc. raised its stake 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 acquiring an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in Dollar Tree by 738.7% during the 3rd 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. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. KeyCorp lowered Dollar Tree from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 7th. BMO Capital Markets boosted their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a research report on Thursday, December 5th. Jefferies Financial Group upped their price objective on Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised their price target on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $75.00 price target on shares of Dollar Tree in a research note on Friday, December 20th. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $85.58.

Dollar Tree Stock Up 1.4 %

Shares of NASDAQ:DLTR traded up $1.06 during midday trading on Thursday, reaching $75.26. The company's stock had a trading volume of 336,251 shares, compared to its average volume of 2,657,408. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The firm has a market capitalization of $16.18 billion, a P/E ratio of -15.75, a PEG ratio of 2.29 and a beta of 0.90. The firm has a 50 day moving average of $72.26 and a 200-day moving average of $77.18. 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, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 positive return on equity of 16.89% and a negative net margin of 3.34%. The company's revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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.