KBC Group NV Purchases 313 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

KBC Group NV boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,312 shares of the company’s stock after acquiring an additional 313 shares during the period. KBC Group NV’s holdings in Dollar Tree were worth $2,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Versant Capital Management Inc bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares during the last quarter. Eastern Bank bought a new stake in shares of Dollar Tree during the third quarter valued at approximately $34,000. First Horizon Advisors Inc. raised its position in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the last quarter. Finally, 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 valued at $44,000 after buying an additional 554 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DLTR. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Sanford C. Bernstein began coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. Finally, Guggenheim cut their target price 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. Seventeen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $73.35 on Friday. The company has a market capitalization of $15.77 billion, a PE ratio of -15.38, a P/E/G ratio of 2.36 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a 50-day simple moving average of $72.58 and a two-hundred day simple moving average of $76.95. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate 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 was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. Research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.