Wealthfront Advisers LLC Purchases New Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Wealthfront Advisers LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 117,974 shares of the company's stock, valued at approximately $8,841,000. Wealthfront Advisers LLC owned about 0.05% of Dollar Tree at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DLTR. Assetmark Inc. increased its stake in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after acquiring an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators grew its holdings in Dollar Tree by 20.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock valued at $68,000 after purchasing an additional 157 shares during the period. Checchi Capital Advisers LLC grew its holdings in Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after purchasing an additional 180 shares during the period. AM Squared Ltd increased its stake in Dollar Tree by 12.5% in the third quarter. AM Squared Ltd now owns 1,800 shares of the company's stock valued at $127,000 after purchasing an additional 200 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings 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 purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 97.40% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. 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. Piper Sandler reaffirmed a "neutral" rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Wells Fargo & Company reduced their price objective on Dollar Tree from $100.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Guggenheim cut their target price on Dollar Tree from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, December 6th. Finally, Evercore ISI cut their price objective 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. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $84.79.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded up $4.08 on Thursday, hitting $66.00. The company had a trading volume of 5,755,037 shares, compared to its average volume of 3,418,252. The stock has a market cap of $14.19 billion, a price-to-earnings ratio of -13.84, a P/E/G ratio of 2.16 and a beta of 0.91. The stock has a 50 day moving average price of $72.16 and a 200 day moving average price of $71.19. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $137.14. 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 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.