State Street Corp Acquires 596,191 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

State Street Corp raised its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,427,910 shares of the company's stock after buying an additional 596,191 shares during the quarter. State Street Corp owned about 4.39% of Dollar Tree worth $662,971,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp boosted its stake in shares of Dollar Tree by 23.0% in the 3rd quarter. Stifel Financial Corp now owns 117,648 shares of the company's stock valued at $8,273,000 after purchasing an additional 21,985 shares in the last quarter. Quadrature Capital Ltd boosted its stake in shares of Dollar Tree by 831.1% in the 3rd quarter. Quadrature Capital Ltd now owns 69,499 shares of the company's stock valued at $4,887,000 after purchasing an additional 62,035 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at approximately $3,769,000. Intrepid Capital Management Inc. acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at approximately $933,000. Finally, Investment Management Corp of Ontario boosted its stake in shares of Dollar Tree by 42.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 6,719 shares of the company's stock valued at $472,000 after purchasing an additional 2,000 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a research note on Thursday. StockNews.com upgraded shares of Dollar Tree from a "sell" rating to a "hold" rating in a research report on Thursday. Piper Sandler reiterated a "neutral" rating and set a $72.00 target price (up from $67.00) on shares of Dollar Tree in a research report on Thursday. Wells Fargo & Company cut their target price on shares of Dollar Tree from $130.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, September 5th. Finally, Loop Capital lifted their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a research report on Thursday. Seventeen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $85.58.

Dollar Tree Trading Down 0.4 %

Shares of NASDAQ:DLTR traded down $0.27 during mid-day trading on Monday, hitting $71.60. The company had a trading volume of 2,794,394 shares, compared to its average volume of 5,012,277. The firm has a fifty day moving average price of $67.55 and a 200 day moving average price of $86.79. The company has a market capitalization of $15.39 billion, a PE ratio of -15.01, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. 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 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 company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. As a group, research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.