Strategic Financial Concepts LLC acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,086 shares of the company's stock, valued at approximately $1,280,000.
Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Dollar Tree in the fourth quarter worth about $30,000. MassMutual Private Wealth & Trust FSB raised its position in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 210 shares during the period. Eastern Bank bought a new stake in Dollar Tree in the third quarter worth about $34,000. First Horizon Advisors Inc. raised its position in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock worth $39,000 after acquiring an additional 284 shares during the period. Finally, Sunbelt Securities Inc. raised its position in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock worth $44,000 after acquiring an additional 554 shares during the period. Institutional investors own 97.40% of the company's stock.
Dollar Tree Price Performance
Shares of NASDAQ:DLTR traded down $0.45 during trading on Friday, reaching $71.56. The company had a trading volume of 1,515,706 shares, compared to its average volume of 2,575,405. The company has a fifty day moving average of $72.82 and a two-hundred day moving average of $74.94. The stock has a market capitalization of $15.38 billion, a P/E ratio of -15.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. 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 (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $0.97 EPS. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.
Wall Street Analysts Forecast Growth
DLTR has been the topic of several research reports. Citigroup lifted their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Truist Financial boosted their price target on shares of 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 started coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 price target on the stock. Telsey Advisory Group reissued a "market perform" rating and issued a $75.00 price target on shares of Dollar Tree in a research report on Friday, December 20th. Finally, Evercore ISI lowered their price target on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 3rd. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of "Hold" and an average price target of $85.58.
Check Out Our Latest Stock Report on DLTR
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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