Cromwell Holdings LLC Buys New Shares in Dollar Tree, Inc. (NASDAQ:DLTR)

Cromwell Holdings LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 665 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds have also added to or reduced their stakes in the business. Alan B Lancz & Associates Inc. lifted its holdings in Dollar Tree by 6.6% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock valued at $229,000 after purchasing an additional 200 shares during the last quarter. AM Squared Ltd lifted its holdings in Dollar Tree by 12.5% during the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock valued at $127,000 after purchasing an additional 200 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 during the last quarter. First Horizon Advisors Inc. lifted its holdings in 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 during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Dollar Tree by 8.4% during the 4th quarter. Empowered Funds LLC now owns 3,744 shares of the company’s stock valued at $281,000 after purchasing an additional 291 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Up 0.9 %

DLTR stock opened at $76.29 on Friday. The company has a market cap of $16.40 billion, a PE ratio of -15.99, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. The business has a 50-day simple moving average of $73.04 and a 200 day simple moving average of $73.94. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. 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 (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DLTR. Jefferies Financial Group raised their price target on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. BMO Capital Markets lifted their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Evercore ISI dropped their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. Finally, Loop Capital lifted their target price on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.