Sanctuary Advisors LLC Has $639,000 Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Sanctuary Advisors LLC reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,582 shares of the company’s stock after selling 1,459 shares during the quarter. Sanctuary Advisors LLC’s holdings in Dollar Tree were worth $639,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Versant Capital Management Inc bought a new stake in Dollar Tree in the fourth quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB increased its holdings in Dollar Tree by 91.3% in the fourth 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. increased its holdings in Dollar Tree by 105.6% in 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. Sunbelt Securities Inc. increased its holdings in Dollar Tree by 738.7% in 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. Finally, Brooklyn Investment Group bought a new stake in Dollar Tree in the third quarter worth approximately $48,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Down 0.4 %

Shares of NASDAQ:DLTR opened at $72.86 on Friday. The stock has a market cap of $15.66 billion, a price-to-earnings ratio of -15.27, a PEG ratio of 2.16 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 12-month low of $60.49 and a 12-month high of $151.21. The business’s 50 day moving average is $73.54 and its 200 day moving average is $73.07.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Jefferies Financial Group lifted their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Guggenheim lowered their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. Truist Financial boosted their price objective on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Piper Sandler restated a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.