Sciencast Management LP Purchases New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Sciencast Management LP bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 40,525 shares of the company's stock, valued at approximately $3,037,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew 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 buying an additional 596,191 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in Dollar Tree by 0.5% during the third 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 31.3% in the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock valued at $298,143,000 after acquiring an additional 947,580 shares during the period. Janus Henderson Group PLC grew its stake in Dollar Tree by 9.8% in 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 during the period. Finally, Madison Investment Advisors LLC bought a new stake in shares of Dollar Tree in the fourth quarter worth about $113,315,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

NASDAQ:DLTR traded down $1.80 during mid-day trading on Tuesday, hitting $67.94. The stock had a trading volume of 1,531,347 shares, compared to its average volume of 3,091,816. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $137.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of -14.24, a PEG ratio of 2.16 and a beta of 0.91. The company's 50 day simple moving average is $71.12 and its 200 day simple moving average is $70.13.

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Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial lowered their target price on Dollar Tree from $83.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday. 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. StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Telsey Advisory Group reiterated a "market perform" rating and set a $75.00 target price on shares of Dollar Tree in a report on Thursday, March 6th. Finally, Jefferies Financial Group boosted their price target on Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Sixteen research 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 has a consensus rating of "Hold" and an average price target of $83.89.

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.