SRS Capital Advisors Inc. Has $133,000 Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

SRS Capital Advisors Inc. raised its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 3,857.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,781 shares of the company’s stock after buying an additional 1,736 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Dollar Tree were worth $133,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Metis Global Partners LLC boosted its stake in Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company’s stock worth $508,000 after purchasing an additional 220 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after purchasing an additional 232 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Dollar Tree in the fourth quarter valued at about $4,706,000. Checchi Capital Advisers LLC boosted its position in shares of Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock worth $254,000 after buying an additional 180 shares during the period. Finally, Lake Street Advisors Group LLC bought a new position in shares of Dollar Tree during the fourth quarter worth about $213,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Up 5.2 %

DLTR opened at $70.15 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $73.25 and its 200 day simple moving average is $72.36. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.00. The stock has a market cap of $15.08 billion, a PE ratio of -14.71, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

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

Analyst Upgrades and Downgrades

Several research firms have commented on DLTR. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Guggenheim cut 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 report on Friday, December 6th. Evercore ISI reduced their target price 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. Piper Sandler reiterated a “neutral” rating and issued a $72.00 price target (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Finally, Loop Capital boosted their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Sixteen 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, the stock presently has an average rating of “Hold” and a consensus 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.