Steward Partners Investment Advisory LLC Boosts Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Steward Partners Investment Advisory LLC boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 247.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,616 shares of the company’s stock after buying an additional 4,001 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Dollar Tree were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DLTR. Empower Advisory Group LLC raised its stake in shares of Dollar Tree by 41.3% during the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after purchasing an additional 192,754 shares during the period. Equity Investment Corp raised its stake 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 valued at $107,264,000 after purchasing an additional 746,913 shares during the period. Forest Avenue Capital Management LP purchased a new stake in shares of Dollar Tree during the third quarter valued at approximately $19,591,000. Anthracite Investment Company Inc. purchased a new stake in shares of Dollar Tree during the third quarter valued at approximately $2,813,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Dollar Tree during the third quarter valued at approximately $5,235,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the topic of a number of analyst reports. Guggenheim dropped their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a research note on Thursday, March 6th. BMO Capital Markets lifted their price target 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. Citigroup lifted their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $84.79.

Dollar Tree Stock Performance

Dollar Tree stock opened at $61.92 on Thursday. The company has a market cap of $13.31 billion, a PE ratio of -12.98, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a fifty day moving average price of $72.37 and a two-hundred day moving average price of $71.23. 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, Inc. has a 12 month low of $60.49 and a 12 month high of $137.14.

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.