Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 20.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 907 shares of the company’s stock after purchasing an additional 157 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Dollar Tree were worth $68,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DLTR. Versant Capital Management Inc acquired a new stake in shares of Dollar Tree in the 4th quarter valued at $30,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares during the last quarter. Eastern Bank purchased a new position in shares of Dollar Tree in the 3rd quarter valued at $34,000. First Horizon Advisors Inc. grew its position in shares of Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 554 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

Shares of DLTR opened at $74.96 on Friday. 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 has a market cap of $16.12 billion, a P/E ratio of -15.71, a PEG ratio of 2.16 and a beta of 0.89. The company has a 50-day moving average of $73.14 and a two-hundred day moving average of $73.63. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced 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 analysts’ expectations of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. As a group, research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research report on Friday, December 20th. Loop Capital increased their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Evercore ISI dropped their target price on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. KeyCorp downgraded shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.58.

About Dollar Tree

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.