Monimus Capital Management LP purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,553 shares of the company's stock, valued at approximately $1,615,000. Dollar Tree makes up about 1.5% of Monimus Capital Management LP's portfolio, making the stock its 27th biggest holding.
A number of other large investors have also recently added to or reduced their stakes in DLTR. Assetmark Inc. increased its holdings in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Dollar Tree during the 4th quarter worth about $30,000. Parkside Financial Bank & Trust raised its holdings in Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after acquiring an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 210 shares during the period. Finally, First Horizon Advisors Inc. grew its position in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock valued at $39,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.
Dollar Tree Stock Down 1.0 %
Shares of NASDAQ:DLTR traded down $0.68 during trading on Wednesday, reaching $64.30. 2,637,859 shares of the stock were exchanged, compared to its average volume of 3,373,788. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $137.14. The stock has a fifty day moving average of $71.57 and a two-hundred day moving average of $70.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of -13.48, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.
Analysts Set New Price Targets
A number of research firms recently commented on DLTR. Wells Fargo & Company lowered their price target 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. Jefferies Financial Group raised their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Piper Sandler reaffirmed a "neutral" rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Loop Capital boosted their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the company a "hold" rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded Dollar Tree from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $84.79.
Check Out Our Latest Stock Report on DLTR
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.
Featured Articles
Before you consider Dollar Tree, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dollar Tree wasn't on the list.
While Dollar Tree currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
