Private Wealth Partners LLC Trims Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Private Wealth Partners LLC lessened its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 38.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,900 shares of the company’s stock after selling 4,400 shares during the quarter. Private Wealth Partners LLC’s holdings in Dollar Tree were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Alberta Investment Management Corp lifted its holdings in shares of Dollar Tree by 253.2% during the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock valued at $7,014,000 after purchasing an additional 67,100 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its position in Dollar Tree by 23.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,369 shares of the company’s stock valued at $552,000 after buying an additional 1,387 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Dollar Tree by 36.4% during the fourth quarter. Venturi Wealth Management LLC now owns 6,439 shares of the company’s stock valued at $483,000 after buying an additional 1,718 shares during the last quarter. Empower Advisory Group LLC boosted its holdings in Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock worth $56,986,000 after acquiring an additional 100,676 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Dollar Tree by 0.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 76,730 shares of the company’s stock worth $5,750,000 after acquiring an additional 357 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $72.00 target price (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Truist Financial upped their price objective on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Guggenheim lowered their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Finally, BMO Capital Markets lifted their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $75.62 on Thursday. The company has a 50 day moving average price of $72.93 and a 200 day moving average price of $73.93. The firm has a market capitalization of $16.26 billion, a P/E ratio of -15.85, a PEG ratio of 2.03 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 52 week low of $60.49 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion during 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 firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.