Stephens Inc. AR lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 47.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,254 shares of the company's stock after selling 6,571 shares during the quarter. Stephens Inc. AR's holdings in Dollar Tree were worth $544,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of DLTR. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree in the 4th quarter worth $30,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Eastern Bank purchased a new stake in shares of Dollar Tree during the 3rd quarter worth $34,000. First Horizon Advisors Inc. raised its stake in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock valued at $39,000 after buying an additional 284 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock valued at $44,000 after buying an additional 554 shares during the last quarter. Institutional investors own 97.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on DLTR shares. Sanford C. Bernstein initiated coverage on Dollar Tree in a research note on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 price target for the company. Truist Financial raised their target price on Dollar Tree from $79.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. StockNews.com raised Dollar Tree from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. Finally, Citigroup raised their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a report 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 company. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $85.58.
Check Out Our Latest Research Report on DLTR
Dollar Tree Price Performance
Shares of NASDAQ DLTR traded up $3.10 during midday trading on Tuesday, hitting $74.66. The stock had a trading volume of 1,269,596 shares, compared to its average volume of 2,528,391. The company has a market capitalization of $16.05 billion, a PE ratio of -15.64, a P/E/G ratio of 2.11 and a beta of 0.89. The stock has a 50 day simple moving average of $72.82 and a 200-day simple moving average of $74.09. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 earnings per share. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.
About Dollar Tree
(
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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