Rhumbline Advisers cut its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 360,099 shares of the company's stock after selling 8,284 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of Dollar Tree worth $26,986,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Equity Investment Corp increased its holdings in shares of Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock valued at $107,264,000 after acquiring an additional 746,913 shares during the last quarter. Canoe Financial LP bought a new stake in shares of Dollar Tree in the 3rd quarter valued at approximately $46,576,000. State Street Corp increased its holdings in shares of Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock valued at $662,971,000 after acquiring an additional 596,191 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Dollar Tree by 238.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 693,950 shares of the company's stock valued at $48,799,000 after acquiring an additional 489,074 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of Dollar Tree by 45.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company's stock valued at $95,994,000 after acquiring an additional 425,245 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on DLTR. Telsey Advisory Group reiterated a "market perform" rating and issued a $75.00 price target on shares of Dollar Tree in a report on Friday, December 20th. BMO Capital Markets boosted their price target on Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a report on Thursday, December 5th. Loop Capital upped their price objective on Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Citigroup upped their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Finally, Piper Sandler restated a "neutral" rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $85.58.
Read Our Latest Stock Report on DLTR
Dollar Tree Price Performance
Shares of Dollar Tree stock traded down $1.88 during trading on Friday, hitting $74.42. The stock had a trading volume of 2,085,366 shares, compared to its average volume of 2,822,270. 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 $16.00 billion, a P/E ratio of -15.57, a PEG ratio of 2.14 and a beta of 0.89. The business has a fifty day moving average of $73.04 and a two-hundred day moving average of $73.94. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion during 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%. The company's revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.
Dollar Tree Profile
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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.
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