Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 536.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,196 shares of the company’s stock after acquiring an additional 1,008 shares during the period. Lindbrook Capital LLC’s holdings in Dollar Tree were worth $90,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. lifted its position in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after acquiring an additional 149 shares in the last quarter. Versant Capital Management Inc acquired a new position in Dollar Tree during the 4th quarter worth approximately $30,000. Parkside Financial Bank & Trust lifted its position in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after acquiring an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DLTR has been the topic of several recent research reports. Loop Capital boosted their price target on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Piper Sandler restated a “neutral” rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Telsey Advisory Group restated a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a report on Thursday. Citigroup lifted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, BMO Capital Markets lifted their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Price Performance

Shares of DLTR opened at $68.99 on Friday. The company has a market cap of $14.83 billion, a P/E ratio of -14.46, a PEG ratio of 2.16 and a beta of 0.91. The stock has a fifty day moving average price of $72.96 and a 200 day moving average price of $72.12. 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 12 month low of $60.49 and a 12 month high of $150.74.

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

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.