Dollar Tree, Inc. (NASDAQ:DLTR) Stake Boosted by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 50.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,324 shares of the company’s stock after acquiring an additional 782 shares during the period. Jones Financial Companies Lllp’s holdings in Dollar Tree were worth $174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc purchased a new position in shares of Dollar Tree during the 4th quarter valued at $30,000. Parkside Financial Bank & Trust boosted its holdings in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after purchasing an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted 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. boosted 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. Finally, Sunbelt Securities Inc. boosted 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. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DLTR shares. Evercore ISI decreased their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Truist Financial upped their price objective on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group upped their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Citigroup upped their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Stock Down 2.2 %

Shares of DLTR opened at $64.56 on Friday. The company has a 50-day simple moving average of $71.99 and a 200-day simple moving average of $70.97. The firm has a market capitalization of $13.88 billion, a P/E ratio of -13.53, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week 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.