Pacer Advisors Inc. Decreases Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Pacer Advisors Inc. cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 48.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,450 shares of the company's stock after selling 15,465 shares during the quarter. Pacer Advisors Inc.'s holdings in Dollar Tree were worth $1,233,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. KBC Group NV raised its stake in Dollar Tree by 1.1% during the fourth quarter. KBC Group NV now owns 28,312 shares of the company's stock worth $2,122,000 after buying an additional 313 shares during the last quarter. Blue Trust Inc. raised its position in shares of Dollar Tree by 47.8% in the 4th quarter. Blue Trust Inc. now owns 1,429 shares of the company's stock worth $100,000 after acquiring an additional 462 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Dollar Tree by 69.8% in the 4th quarter. Fifth Third Bancorp now owns 9,418 shares of the company's stock worth $706,000 after acquiring an additional 3,873 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at about $4,069,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in 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 purchasing an additional 210 shares during the period. Institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DLTR. StockNews.com upgraded Dollar Tree from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Telsey Advisory Group restated a "market perform" rating and issued a $75.00 price target on shares of Dollar Tree in a report on Friday, December 20th. JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Truist Financial raised their target price on Dollar Tree from $79.00 to $83.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, Loop Capital upped their price target on Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Seventeen 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 presently has a consensus rating of "Hold" and a consensus target price of $85.58.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded up $0.29 during mid-day trading on Thursday, hitting $74.52. 1,823,015 shares of the stock were exchanged, compared to its average volume of 2,783,575. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The company has a 50-day simple moving average of $72.77 and a 200 day simple moving average of $76.07. The company has a market capitalization of $16.02 billion, a P/E ratio of -15.62, a P/E/G ratio of 2.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

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

About Dollar Tree

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.