Truist Financial Corp decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 50.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,637 shares of the company's stock after selling 7,905 shares during the period. Truist Financial Corp's holdings in Dollar Tree were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc bought a new stake in Dollar Tree during the fourth quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB boosted 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. First Horizon Advisors Inc. grew its holdings in shares of Dollar Tree by 105.6% in 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 during the last quarter. Sunbelt Securities Inc. raised its position in shares of Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock worth $44,000 after purchasing an additional 554 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Dollar Tree during the third quarter valued at $48,000. Institutional investors and hedge funds own 97.40% of the company's stock.
Dollar Tree Stock Performance
Shares of NASDAQ:DLTR traded up $3.47 during trading on Wednesday, reaching $70.15. The stock had a trading volume of 4,508,862 shares, compared to its average volume of 2,956,723. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $73.31 and a two-hundred day simple moving average of $72.37. The firm has a market capitalization of $15.08 billion, a price-to-earnings ratio of -14.71, a P/E/G ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.00.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. As a group, analysts anticipate 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 analysts recently weighed in on DLTR shares. KeyCorp cut Dollar Tree from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 7th. Piper Sandler restated a "neutral" rating and set a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Evercore ISI reduced 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 research report on Tuesday, December 3rd. Telsey Advisory Group reiterated a "market perform" rating and set a $75.00 price objective on shares of Dollar Tree in a research report on Friday, December 20th. Finally, Jefferies Financial Group increased their target price on Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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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