Blue Trust Inc. Purchases 462 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Blue Trust Inc. boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 47.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,429 shares of the company’s stock after purchasing an additional 462 shares during the period. Blue Trust Inc.’s holdings in Dollar Tree were worth $100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empower Advisory Group LLC grew its holdings in shares of Dollar Tree by 41.3% in the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after purchasing an additional 192,754 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Dollar Tree by 374.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after acquiring an additional 1,797 shares in the last quarter. Equity Investment Corp increased its position in shares of 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 acquiring an additional 746,913 shares during the period. Forest Avenue Capital Management LP bought a new stake in shares of Dollar Tree during the third quarter valued at approximately $19,591,000. Finally, Anthracite Investment Company Inc. purchased a new stake in shares of Dollar Tree in the third quarter valued at approximately $2,813,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $72.66 on Friday. The company has a 50 day moving average price of $72.83 and a 200 day moving average price of $76.06. The firm has a market capitalization of $15.62 billion, a P/E ratio of -15.23, a PEG ratio of 2.34 and a beta of 0.89. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate 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 business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

DLTR has been the subject of a number of research analyst reports. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. BMO Capital Markets upped their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Truist Financial raised their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Loop Capital upped their price target 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. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a report on Friday, December 20th. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $85.58.

Dollar Tree 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.