Proficio Capital Partners LLC Makes New $4.71 Million Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Proficio Capital Partners LLC bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 62,800 shares of the company's stock, valued at approximately $4,706,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock valued at $662,971,000 after buying an additional 596,191 shares during the period. EdgePoint Investment Group Inc. grew its stake in Dollar Tree by 0.5% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company's stock worth $487,987,000 after acquiring an additional 35,862 shares in the last quarter. Primecap Management Co. CA grew its stake in Dollar Tree by 5.5% in the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company's stock worth $213,129,000 after acquiring an additional 158,385 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Dollar Tree by 9.8% during the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company's stock valued at $129,724,000 after acquiring an additional 165,398 shares in the last quarter. Finally, Equity Investment Corp boosted its holdings in shares of Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock valued at $107,264,000 after purchasing an additional 746,913 shares during the period. 97.40% of the stock is owned by institutional investors.

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Dollar Tree Stock Performance

Shares of DLTR traded up $2.16 during mid-day trading on Friday, reaching $66.75. The company had a trading volume of 4,897,397 shares, compared to its average volume of 3,371,032. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $137.14. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $14.35 billion, a P/E ratio of -13.99, a PEG ratio of 2.16 and a beta of 0.91. The stock has a 50 day moving average of $71.27 and a two-hundred day moving average of $70.28.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DLTR shares. StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Evercore ISI reduced their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating for the company in a research note on Tuesday, December 3rd. Jefferies Financial Group increased their target price on Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Piper Sandler reissued a "neutral" rating and issued a $72.00 price target (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Finally, Wells Fargo & Company dropped their price objective on Dollar Tree from $100.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and an average target price of $84.26.

Dollar Tree Company 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.