Dollar Tree, Inc. (NASDAQ:DLTR) Stake Lifted by Stifel Financial Corp

Stifel Financial Corp raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 23.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,648 shares of the company's stock after acquiring an additional 21,985 shares during the quarter. Stifel Financial Corp owned approximately 0.05% of Dollar Tree worth $8,273,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Primecap Management Co. CA boosted its holdings in shares of Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company's stock worth $213,129,000 after purchasing an additional 158,385 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Dollar Tree by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company's stock worth $266,124,000 after buying an additional 138,042 shares during the last quarter. American Century Companies Inc. grew its holdings in Dollar Tree by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company's stock valued at $213,958,000 after buying an additional 124,021 shares during the period. Janus Henderson Group PLC increased its stake in shares of Dollar Tree by 9.8% during the 3rd 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 last quarter. Finally, Equity Investment Corp lifted its holdings in shares of Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock worth $107,264,000 after acquiring an additional 746,913 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Down 1.0 %

Shares of NASDAQ DLTR traded down $0.74 during midday trading on Friday, reaching $70.09. 2,640,659 shares of the company's stock were exchanged, compared to its average volume of 3,447,120. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The business's fifty day moving average price is $67.70 and its two-hundred day moving average price is $85.98. The stock has a market capitalization of $15.07 billion, a PE ratio of -14.67, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the business earned $0.97 EPS. Dollar Tree's revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DLTR. 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 target for the company. BMO Capital Markets increased their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a research report on Thursday, December 5th. Truist Financial boosted their price target on Dollar Tree from $79.00 to $83.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Sanford C. Bernstein assumed coverage on Dollar Tree in a report on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 price objective on the stock. Finally, Barclays reduced their price objective on Dollar Tree from $128.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 5th. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $85.58.

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.