Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,400 shares of the company’s stock after selling 182 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dollar Tree were worth $3,177,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. increased its position in Dollar Tree by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 232,455 shares of the company’s stock valued at $16,346,000 after acquiring an additional 1,485 shares during the period. Atria Investments Inc grew its stake in shares of Dollar Tree by 16.4% in the 3rd quarter. Atria Investments Inc now owns 15,927 shares of the company’s stock valued at $1,120,000 after purchasing an additional 2,244 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Dollar Tree by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 480,400 shares of the company’s stock valued at $33,782,000 after purchasing an additional 2,405 shares during the period. KBC Group NV raised its stake in shares of Dollar Tree by 3.0% during the third quarter. KBC Group NV now owns 27,999 shares of the company’s stock worth $1,968,000 after purchasing an additional 827 shares during the last quarter. Finally, Curi RMB Capital LLC acquired a new stake in shares of Dollar Tree during the third quarter worth $354,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DLTR shares. Wells Fargo & Company dropped their price objective on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. BMO Capital Markets increased their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price objective on shares of Dollar Tree in a report on Thursday, March 6th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Piper Sandler restated a “neutral” rating and issued a $72.00 price target (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Stock Down 2.2 %

Shares of NASDAQ DLTR opened at $64.56 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. The firm’s 50-day moving average is $71.99 and its two-hundred day moving average is $70.80. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $137.14. The company has a market capitalization of $13.88 billion, a PE ratio of -13.53, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

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.