Private Wealth Partners LLC Lowers Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Private Wealth Partners LLC lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 38.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,900 shares of the company’s stock after selling 4,400 shares during the quarter. Private Wealth Partners LLC’s holdings in Dollar Tree were worth $517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Equity Investment Corp boosted its position in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after purchasing an additional 746,913 shares in the last quarter. Canoe Financial LP purchased a new stake in shares of Dollar Tree in the third quarter valued at approximately $46,576,000. State Street Corp raised its stake in shares of Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after buying an additional 596,191 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Dollar Tree by 238.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 693,950 shares of the company’s stock valued at $48,799,000 after buying an additional 489,074 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in Dollar Tree by 45.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock valued at $95,994,000 after acquiring an additional 425,245 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

Dollar Tree stock opened at $75.62 on Thursday. 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 market capitalization of $16.26 billion, a price-to-earnings ratio of -15.85, a price-to-earnings-growth ratio of 2.03 and a beta of 0.89. The company’s 50 day simple moving average is $72.93 and its 200-day simple moving average is $73.93. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its quarterly 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. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research analyst reports. Loop Capital upped their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a research note on Friday, December 20th. Truist Financial boosted their price objective on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lifted their price target on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.