Marathon Trading Investment Management LLC Purchases 14,429 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Marathon Trading Investment Management LLC lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 481.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,429 shares of the company's stock after acquiring an additional 14,429 shares during the quarter. Marathon Trading Investment Management LLC's holdings in Dollar Tree were worth $1,306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empower Advisory Group LLC lifted its holdings in shares of Dollar Tree by 41.3% in the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company's stock valued at $46,393,000 after buying an additional 192,754 shares during the period. Farther Finance Advisors LLC boosted its holdings in Dollar Tree by 374.4% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company's stock worth $160,000 after buying an additional 1,797 shares in the last quarter. Equity Investment Corp grew its position in 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. Forest Avenue Capital Management LP bought a new position in shares of Dollar Tree in the third quarter valued at $19,591,000. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Dollar Tree during the 3rd quarter worth $2,813,000. Institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

DLTR has been the topic of several analyst reports. Guggenheim dropped their target price on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, December 6th. Evercore ISI cut their target price on shares of 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. Loop Capital raised their target price on Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Wells Fargo & Company lowered their price objective on shares of Dollar Tree from $100.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Finally, StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. 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, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $84.79.

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Dollar Tree Stock Down 3.3 %

Shares of DLTR stock traded down $2.19 on Wednesday, hitting $63.51. 2,017,865 shares of the stock were exchanged, compared to its average volume of 3,443,743. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $13.65 billion, a P/E ratio of -13.32, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $150.74. The business has a 50-day moving average of $72.63 and a 200 day moving average of $71.29.

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.