Principal Financial Group Inc. Sells 4,006 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Principal Financial Group Inc. lessened its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 228,449 shares of the company’s stock after selling 4,006 shares during the period. Principal Financial Group Inc. owned approximately 0.11% of Dollar Tree worth $17,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in DLTR. Versant Capital Management Inc bought a new position in shares of Dollar Tree in the fourth quarter worth about $30,000. MassMutual Private Wealth & Trust FSB increased its position in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 554 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Dollar Tree during the third quarter worth $48,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

DLTR stock opened at $76.22 on Wednesday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. The stock has a market capitalization of $16.39 billion, a PE ratio of -15.98, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The company’s 50-day moving average is $73.37 and its 200-day moving average is $73.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share. Equities research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DLTR shares. JPMorgan Chase & Co. increased 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. Loop Capital lifted their price target on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, Piper Sandler reissued a “neutral” rating and set a $72.00 target price (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree 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.