St. Louis Financial Planners Asset Management LLC Invests $1.30 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

St. Louis Financial Planners Asset Management LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,288 shares of the company's stock, valued at approximately $1,296,000. Dollar Tree comprises 0.9% of St. Louis Financial Planners Asset Management LLC's holdings, making the stock its 23rd biggest position.

Several other hedge funds have also added to or reduced their stakes in the business. Acadian Asset Management LLC grew its position in shares of Dollar Tree by 756.4% in the 2nd quarter. Acadian Asset Management LLC now owns 6,740 shares of the company's stock valued at $718,000 after buying an additional 5,953 shares during the last quarter. Choreo LLC bought a new stake in Dollar Tree in the second quarter valued at approximately $256,000. DekaBank Deutsche Girozentrale increased its position in Dollar Tree by 12.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 40,620 shares of the company's stock valued at $4,250,000 after purchasing an additional 4,646 shares during the period. Federated Hermes Inc. raised its holdings in Dollar Tree by 1.6% during the 2nd quarter. Federated Hermes Inc. now owns 13,367 shares of the company's stock worth $1,427,000 after purchasing an additional 209 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Dollar Tree by 29.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 663,856 shares of the company's stock worth $70,880,000 after purchasing an additional 150,097 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Up 1.1 %

NASDAQ:DLTR traded up $0.75 during trading hours on Thursday, hitting $71.09. 1,658,460 shares of the company traded hands, compared to its average volume of 2,720,851. 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 company has a market cap of $15.28 billion, a PE ratio of -14.89, a PEG ratio of 2.32 and a beta of 0.90. The firm's 50-day simple moving average is $70.29 and its 200-day simple moving average is $79.57. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period last year, the firm earned $0.97 earnings per share. The firm's revenue was up 3.5% on a year-over-year basis. Equities analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

DLTR has been the subject of several recent analyst reports. Melius Research initiated coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They set a "hold" rating and a $70.00 price objective for the company. Sanford C. Bernstein assumed coverage on Dollar Tree in a report on Tuesday, October 22nd. They set a "market perform" rating and a $76.00 price target for the company. Telsey Advisory Group reissued a "market perform" rating and issued a $75.00 price objective on shares of Dollar Tree in a research note on Friday, December 20th. Loop Capital raised their target price on Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Finally, Citigroup boosted their price target on Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $85.58.

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.