Swedbank AB Has $4.93 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Swedbank AB lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 38.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,754 shares of the company's stock after selling 40,907 shares during the quarter. Swedbank AB's holdings in Dollar Tree were worth $4,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Empower Advisory Group LLC lifted its stake in Dollar Tree by 41.3% in the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company's stock valued at $46,393,000 after buying an additional 192,754 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Dollar Tree by 374.4% during the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company's stock valued at $160,000 after purchasing an additional 1,797 shares in the last quarter. Equity Investment Corp raised its stake in shares of Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock valued at $107,264,000 after purchasing an additional 746,913 shares in the last quarter. Forest Avenue Capital Management LP bought a new stake in shares of Dollar Tree during the third quarter valued at about $19,591,000. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Dollar Tree during the third quarter valued at about $2,813,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Down 0.1 %

Shares of DLTR stock traded down $0.08 on Wednesday, hitting $74.23. The company's stock had a trading volume of 2,591,262 shares, compared to its average volume of 2,825,341. The stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of -15.56, a P/E/G ratio of 2.34 and a beta of 0.89. 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 fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm's fifty day moving average price is $72.72 and its 200-day moving average price is $76.08.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.05. The business 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%. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. Research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DLTR. Citigroup lifted their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a research note on Thursday, December 5th. Evercore ISI cut their price target on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating for the company in a report on Tuesday, December 3rd. Guggenheim cut their price target on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday, December 6th. Piper Sandler reaffirmed a "neutral" rating and issued a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $75.00 price target on shares of Dollar Tree in a report on Friday, December 20th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.