Dollar Tree, Inc. (NASDAQ:DLTR) Stock Position Trimmed by Private Wealth Partners LLC

Private Wealth Partners LLC trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 38.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,900 shares of the company's stock after selling 4,400 shares during the quarter. Private Wealth Partners LLC's holdings in Dollar Tree were worth $517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Alberta Investment Management Corp increased its stake in shares of Dollar Tree by 253.2% during the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after acquiring an additional 67,100 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its position in Dollar Tree by 23.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,369 shares of the company's stock worth $552,000 after buying an additional 1,387 shares during the period. Venturi Wealth Management LLC grew its position in Dollar Tree by 36.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,439 shares of the company's stock worth $483,000 after buying an additional 1,718 shares during the period. Empower Advisory Group LLC grew its position in Dollar Tree by 15.3% during the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after buying an additional 100,676 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Dollar Tree by 0.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 76,730 shares of the company's stock valued at $5,750,000 after buying an additional 357 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DLTR shares. Truist Financial increased their price objective 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 for the company in a research report on Friday, December 6th. StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Jefferies Financial Group increased their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $75.00 price objective on shares of Dollar Tree in a research report on Friday, December 20th. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Dollar Tree has a consensus rating of "Hold" and an average target price of $85.58.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded down $1.74 during trading hours on Friday, reaching $74.56. The company's stock had a trading volume of 2,654,410 shares, compared to its average volume of 2,838,485. The company's 50 day simple moving average is $73.04 and its 200 day simple moving average is $73.94. 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, Inc. has a one year low of $60.49 and a one year high of $151.21. The stock has a market cap of $16.03 billion, a P/E ratio of -15.65, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $7.45 billion. During the same period last year, the firm posted $0.97 EPS. The company's revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 EPS 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.