Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 47.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,429 shares of the company’s stock after buying an additional 462 shares during the period. Blue Trust Inc.’s holdings in Dollar Tree were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in Dollar Tree by 69.8% in the 4th quarter. Fifth Third Bancorp now owns 9,418 shares of the company’s stock worth $706,000 after purchasing an additional 3,873 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Dollar Tree during the fourth quarter worth $4,069,000. MassMutual Private Wealth & Trust FSB grew its position in 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 period. Kera Capital Partners Inc. purchased a new position in Dollar Tree in the fourth quarter valued at $227,000. Finally, Chemistry Wealth Management LLC raised its position in shares of Dollar Tree by 17.7% in the fourth quarter. Chemistry Wealth Management LLC now owns 7,366 shares of the company’s stock worth $552,000 after acquiring an additional 1,106 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 2.5 %

Shares of DLTR opened at $72.66 on Friday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The firm has a market capitalization of $15.62 billion, a P/E ratio of -15.23, a P/E/G ratio of 2.34 and a beta of 0.89. The firm has a 50-day moving average price of $72.83 and a 200 day moving average price of $76.06. 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 (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on DLTR. JPMorgan Chase & Co. lifted their price target on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Jefferies Financial Group upped their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. BMO Capital Markets lifted their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Piper Sandler restated a “neutral” rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Finally, KeyCorp downgraded shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $85.58.

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.