Allworth Financial LP Grows Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Allworth Financial LP boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 35.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,564 shares of the company’s stock after purchasing an additional 413 shares during the quarter. Allworth Financial LP’s holdings in Dollar Tree were worth $113,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in Dollar Tree during the fourth quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB grew its stake in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the period. Eastern Bank acquired a new position in shares of Dollar Tree during the third quarter worth $34,000. First Horizon Advisors Inc. lifted 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 worth $39,000 after purchasing an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted 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 worth $44,000 after purchasing an additional 554 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 1.7 %

Shares of DLTR stock opened at $74.96 on Monday. The company has a market cap 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. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The business’s 50 day moving average is $73.14 and its two-hundred day moving average is $73.48. 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 (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $0.97 earnings per share. Equities analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of recent research reports. Guggenheim reduced their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a report on Friday, December 20th. BMO Capital Markets upped their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Finally, Evercore ISI cut their price target on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.