Nordea Investment Management AB Acquires 1,277 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Nordea Investment Management AB grew its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.0% in the fourth quarter, HoldingsChannel reports. The fund owned 19,507 shares of the company’s stock after purchasing an additional 1,277 shares during the quarter. Nordea Investment Management AB’s holdings in Dollar Tree were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in shares of Dollar Tree by 35.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock valued at $69,000 after acquiring an additional 171 shares during the period. Alan B Lancz & Associates Inc. grew its position in shares of Dollar Tree by 6.6% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock valued at $229,000 after acquiring an additional 200 shares during the period. AM Squared Ltd grew its position in shares of Dollar Tree by 12.5% during the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock valued at $127,000 after acquiring an additional 200 shares during the period. Federated Hermes Inc. grew its position in shares of Dollar Tree by 1.6% during the 2nd quarter. Federated Hermes Inc. now owns 13,367 shares of the company’s stock valued at $1,427,000 after acquiring an additional 209 shares during the period. Finally, McGinn Penninger Investment Management Inc. boosted its holdings in Dollar Tree by 0.5% in the 2nd quarter. McGinn Penninger Investment Management Inc. now owns 45,503 shares of the company’s stock worth $4,858,000 after buying an additional 210 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 1.3 %

Shares of NASDAQ DLTR opened at $72.90 on Monday. The firm’s 50-day moving average price is $70.14 and its 200-day moving average price is $80.07. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of -15.28, a P/E/G ratio of 2.23 and a beta of 0.92. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR) 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. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DLTR shares. Piper Sandler reaffirmed a “neutral” rating and issued a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Melius Research started coverage on shares of Dollar Tree in a report on Monday, September 23rd. They issued a “hold” rating and a $70.00 target price for the company. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Loop Capital upped their target price 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. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus 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.