Deseret Mutual Benefit Administrators Increases Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Deseret Mutual Benefit Administrators lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 20.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 907 shares of the company’s stock after buying an additional 157 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Dollar Tree were worth $68,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DLTR. Versant Capital Management Inc purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 period. Eastern Bank purchased a new position in shares of Dollar Tree during the third quarter valued at approximately $34,000. First Horizon Advisors Inc. lifted its stake 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 period. Finally, Sunbelt Securities Inc. increased its position in Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

DLTR has been the subject of several research analyst reports. Citigroup upped their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Truist Financial upped their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Piper Sandler reaffirmed a “neutral” rating and set a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Finally, Guggenheim dropped their price target on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, December 6th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $85.58.

Dollar Tree Price Performance

Shares of DLTR stock opened at $74.96 on Friday. The company has a market capitalization of $16.12 billion, a PE ratio of -15.71, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The firm has a fifty day simple moving average of $73.14 and a 200-day simple moving average of $73.63. 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, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.