5,979 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Bought by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,979 shares of the company’s stock, valued at approximately $448,000.

Several other large investors also recently bought and sold shares of the company. OLD National Bancorp IN boosted its position in shares of Dollar Tree by 9.1% in the 4th quarter. OLD National Bancorp IN now owns 5,292 shares of the company’s stock worth $397,000 after buying an additional 443 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Dollar Tree by 26.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 22,524 shares of the company’s stock valued at $1,688,000 after purchasing an additional 4,662 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Dollar Tree in the fourth quarter valued at about $54,000. KBC Group NV grew its position in shares of Dollar Tree by 1.1% in the fourth quarter. KBC Group NV now owns 28,312 shares of the company’s stock valued at $2,122,000 after purchasing an additional 313 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Dollar Tree by 47.8% during the 4th quarter. Blue Trust Inc. now owns 1,429 shares of the company’s stock worth $100,000 after purchasing an additional 462 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Up 0.4 %

DLTR opened at $74.50 on Friday. 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 1 year low of $60.49 and a 1 year high of $151.21. The firm has a 50 day moving average price of $72.26 and a 200 day moving average price of $77.18.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter last year, the firm posted $0.97 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of recent research reports. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Guggenheim decreased their price objective on 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 report on Friday, December 20th. Loop Capital upped their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Piper Sandler reiterated a “neutral” rating and set a $72.00 price target (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree 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.