5,739 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Purchased by RD Lewis Holdings Inc.

RD Lewis Holdings Inc. purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,739 shares of the company's stock, valued at approximately $417,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. increased its position in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after acquiring an additional 149 shares during the period. Deseret Mutual Benefit Administrators increased its position in shares of Dollar Tree by 20.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock worth $68,000 after buying an additional 157 shares during the period. Checchi Capital Advisers LLC increased its position in shares of Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock worth $254,000 after buying an additional 180 shares during the period. MassMutual Private Wealth & Trust FSB increased its position 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 buying an additional 210 shares during the period. Finally, Metis Global Partners LLC increased its position in shares of Dollar Tree by 3.4% during the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock worth $508,000 after buying an additional 220 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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Dollar Tree Stock Up 3.3 %

Shares of DLTR traded up $2.16 during trading hours on Friday, reaching $66.75. 4,904,387 shares of the stock traded hands, compared to its average volume of 3,372,661. 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 stock has a fifty day simple moving average of $71.15 and a 200 day simple moving average of $70.16. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $137.14. The company has a market cap of $14.35 billion, a price-to-earnings ratio of -13.99, a PEG ratio of 2.16 and a beta of 0.91.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DLTR shares. Citigroup increased their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. BMO Capital Markets raised their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a report on Thursday, December 5th. UBS Group reduced their price target on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a report on Friday. Guggenheim reduced their price target on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday, December 6th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $75.00 price target on shares of Dollar Tree in a report on Thursday, March 6th. Sixteen equities research 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 a consensus price target of $84.26.

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.