Janney Montgomery Scott LLC Purchases Shares of 54,292 Dollar Tree, Inc. (NASDAQ:DLTR)

Janney Montgomery Scott LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 54,292 shares of the company's stock, valued at approximately $4,069,000.

A number of other large investors have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after buying an additional 210 shares in the last quarter. Kera Capital Partners Inc. bought a new position in Dollar Tree in the fourth quarter valued at about $227,000. Chemistry Wealth Management LLC raised its stake in Dollar Tree by 17.7% during the fourth quarter. Chemistry Wealth Management LLC now owns 7,366 shares of the company's stock worth $552,000 after acquiring an additional 1,106 shares in the last quarter. Avanza Fonder AB acquired a new position in Dollar Tree during the fourth quarter worth about $1,563,000. Finally, St. Louis Financial Planners Asset Management LLC bought a new position in shares of Dollar Tree in the fourth quarter worth about $1,296,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DLTR shares. Jefferies Financial Group lifted their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Truist Financial upped their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Citigroup raised their price objective on Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. Finally, Evercore ISI cut their price target on Dollar Tree from $94.00 to $92.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 3rd. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Dollar Tree presently has a consensus rating of "Hold" and an average target price of $85.58.

Dollar Tree Trading Down 2.5 %

Dollar Tree stock traded down $1.87 during trading hours on Monday, reaching $71.49. 4,017,689 shares of the company's stock were exchanged, compared to its average volume of 2,798,024. The firm has a market capitalization of $15.37 billion, a PE ratio of -15.04, a PEG ratio of 2.34 and a beta of 0.89. 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 firm's 50 day simple moving average is $72.58 and its 200 day simple moving average is $76.56. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm's revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 earnings per share. Research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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.