Glenview Trust co Sells 20,647 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Glenview Trust co lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 81.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,564 shares of the company's stock after selling 20,647 shares during the quarter. Glenview Trust co's holdings in Dollar Tree were worth $342,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of 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 purchasing an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. increased its position in Dollar Tree by 0.5% during the third quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company's stock worth $487,987,000 after buying an additional 35,862 shares during the last quarter. Primecap Management Co. CA raised its holdings in Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company's stock valued at $213,129,000 after buying an additional 158,385 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Dollar Tree by 9.8% in the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company's stock worth $129,724,000 after buying an additional 165,398 shares during the last quarter. Finally, Equity Investment Corp lifted its position in shares of Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock worth $107,264,000 after buying an additional 746,913 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

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Dollar Tree Stock Performance

Dollar Tree stock traded up $2.16 on Friday, hitting $66.75. The company's stock had a trading volume of 4,903,635 shares, compared to its average volume of 3,371,059. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $137.14. The firm has a market cap of $14.35 billion, a P/E ratio of -13.99, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $71.27 and a 200-day moving average price of $70.28.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group cut their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday. Truist Financial increased their price target on Dollar Tree from $79.00 to $83.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Telsey Advisory Group restated a "market perform" rating and issued a $75.00 price objective on shares of Dollar Tree in a research note on Thursday, March 6th. Citigroup raised their target price on shares of Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company dropped their target price on shares of Dollar Tree from $100.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Dollar Tree currently has a consensus rating of "Hold" and a consensus target price of $84.26.

Dollar Tree 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.