Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 484,797 shares of the company's stock after buying an additional 4,397 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Dollar Tree worth $36,331,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLTR. Versant Capital Management Inc acquired a new position in Dollar Tree during the 4th quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB grew 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 acquiring an additional 210 shares in the last quarter. Eastern Bank bought a new position in shares of Dollar Tree during the 3rd quarter worth approximately $34,000. First Horizon Advisors Inc. grew its stake in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock worth $39,000 after acquiring an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of 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 in the last quarter. Institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Down 0.6 %

Shares of NASDAQ:DLTR traded down $0.45 on Friday, reaching $71.56. The company had a trading volume of 1,515,706 shares, compared to its average volume of 2,529,005. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The firm's 50 day simple moving average is $72.82 and its 200-day simple moving average is $74.71. The firm has a market capitalization of $15.38 billion, a PE ratio of -15.00, a PEG ratio of 2.11 and a beta of 0.89. 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 posted its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DLTR shares. Truist Financial lifted 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. KeyCorp downgraded Dollar Tree from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 7th. Guggenheim dropped their target price on Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday, December 6th. Jefferies Financial Group boosted their price target on Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. boosted their price target on Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Seventeen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dollar Tree has an average rating of "Hold" and an average price target of $85.58.

Dollar Tree Company 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.