Louisbourg Investments Inc. decreased its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,750 shares of the company's stock after selling 9,125 shares during the period. Louisbourg Investments Inc.'s holdings in Dollar Tree were worth $3,728,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Stonebridge Financial Group LLC purchased a new position in shares of Dollar Tree in the 4th quarter valued at about $121,000. Entropy Technologies LP acquired a new stake in shares of Dollar Tree during the 4th quarter worth about $2,173,000. Empowered Funds LLC boosted its stake in shares of Dollar Tree by 8.4% during the 4th quarter. Empowered Funds LLC now owns 3,744 shares of the company's stock worth $281,000 after purchasing an additional 291 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Dollar Tree during the 4th quarter worth about $1,898,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Dollar Tree by 2.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,501 shares of the company's stock worth $1,536,000 after purchasing an additional 474 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.
Dollar Tree Price Performance
DLTR stock traded down $0.45 during mid-day trading on Friday, hitting $71.56. The stock had a trading volume of 1,515,706 shares, compared to its average volume of 2,529,005. 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, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The firm has a market capitalization of $15.38 billion, a P/E ratio of -15.00, a P/E/G ratio of 2.11 and a beta of 0.89. The firm has a fifty day simple moving average of $72.82 and a 200 day simple moving average of $74.71.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period in the previous year, the firm posted $0.97 EPS. The firm's revenue was up 3.5% on a year-over-year basis. As a group, research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on DLTR shares. Truist Financial raised their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a "buy" rating in a research 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. BMO Capital Markets lifted their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a research note on Thursday, December 5th. KeyCorp lowered shares of Dollar Tree from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Finally, Sanford C. Bernstein began coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 price objective for the company. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and a consensus price target of $85.58.
Check Out Our Latest Stock Analysis on Dollar Tree
About Dollar Tree
(
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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