Sequoia Financial Advisors LLC Takes $380,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Sequoia Financial Advisors LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,071 shares of the company's stock, valued at approximately $380,000.

A number of other large investors have also recently made changes to their positions in DLTR. State Street Corp boosted its position in 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. boosted its position 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 valued at $487,987,000 after buying an additional 35,862 shares during the period. Primecap Management Co. CA boosted its position 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 valued at $213,129,000 after buying an additional 158,385 shares during the period. Janus Henderson Group PLC boosted its position in Dollar Tree by 9.8% in the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company's stock valued at $129,724,000 after buying an additional 165,398 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Dollar Tree by 10.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,386,357 shares of the company's stock valued at $103,894,000 after buying an additional 132,934 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

DLTR has been the subject of several research reports. StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Guggenheim lowered 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. Piper Sandler reissued a "neutral" rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Jefferies Financial Group boosted their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Finally, 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. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Dollar Tree has an average rating of "Hold" and an average price target of $84.26.

Dollar Tree Stock Performance

Shares of DLTR stock traded up $2.16 during trading hours on Friday, hitting $66.75. The company's stock had a trading volume of 4,904,387 shares, compared to its average volume of 3,372,661. The company has a 50 day moving average of $71.15 and a 200 day moving average of $70.16. The stock has a market cap of $14.35 billion, a PE ratio of -13.99, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $137.14.

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.