6,424 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Acquired by Stevens Capital Management LP

Stevens Capital Management LP acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,424 shares of the company’s stock, valued at approximately $481,000.

A number of other institutional investors also recently modified their holdings of DLTR. Assetmark Inc. raised its holdings in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Dollar Tree during the 4th quarter valued at $30,000. Parkside Financial Bank & Trust raised its holdings in shares of Dollar Tree by 120.8% during 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $66.75 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm’s 50-day simple moving average is $71.15 and its 200-day simple moving average is $70.12. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $137.14. The firm has a market cap of $14.35 billion, a P/E ratio of -13.99, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DLTR shares. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Piper Sandler reiterated a “neutral” rating and issued a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Jefferies Financial Group lifted their target price 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. Guggenheim dropped their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Finally, Loop Capital lifted their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $84.26.

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.