Tredje AP fonden Has $1.19 Million Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Tredje AP fonden lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,834 shares of the company's stock after selling 15,834 shares during the quarter. Tredje AP fonden's holdings in Dollar Tree were worth $1,187,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLTR. Principal Financial Group Inc. increased its holdings in Dollar Tree by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 232,455 shares of the company's stock valued at $16,346,000 after buying an additional 1,485 shares during the period. Atria Investments Inc increased its holdings in Dollar Tree by 16.4% in the 3rd quarter. Atria Investments Inc now owns 15,927 shares of the company's stock valued at $1,120,000 after buying an additional 2,244 shares during the period. Versor Investments LP bought a new stake in shares of Dollar Tree in the 3rd quarter worth about $457,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Dollar Tree by 0.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 480,400 shares of the company's stock worth $33,782,000 after purchasing an additional 2,405 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Dollar Tree by 3.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 92,928 shares of the company's stock worth $6,535,000 after purchasing an additional 3,077 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Piper Sandler reissued a "neutral" rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Guggenheim decreased their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, December 6th. Loop Capital increased their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company decreased their price objective on shares of Dollar Tree from $100.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $84.79.

Dollar Tree Trading Down 1.0 %

Shares of NASDAQ:DLTR traded down $0.68 during mid-day trading on Wednesday, reaching $64.30. The stock had a trading volume of 2,635,811 shares, compared to its average volume of 3,373,785. The firm has a market cap of $13.82 billion, a PE ratio of -13.48, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The firm has a 50 day simple moving average of $71.57 and a two-hundred day simple moving average of $70.36. 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, Inc. has a twelve month low of $60.49 and a twelve month high of $137.14.

About Dollar Tree

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.