Strategic Wealth Investment Group LLC Purchases New Shares in Dollar Tree, Inc. (NASDAQ:DLTR)

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. State Street Corp lifted its stake in shares of Dollar Tree by 6.8% in the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after acquiring an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. increased its stake in shares of Dollar Tree by 0.5% in the third quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock worth $487,987,000 after buying an additional 35,862 shares during the last quarter. Primecap Management Co. CA raised its holdings in Dollar Tree by 5.5% in the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after acquiring an additional 158,385 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Dollar Tree by 9.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock valued at $129,724,000 after acquiring an additional 165,398 shares during the last quarter. Finally, Equity Investment Corp grew its holdings in Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after acquiring an additional 746,913 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Shares of DLTR stock opened at $74.50 on Friday. The business has a 50 day simple moving average of $72.26 and a 200 day simple moving average of $77.18. 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 $151.21.

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

Wall Street Analysts Forecast Growth

DLTR has been the topic of several research analyst reports. Citigroup increased their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Jefferies Financial Group increased their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research report on Friday, December 20th. Loop Capital upped their price target on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, Truist Financial lifted their price objective on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Dollar Tree has an average rating of “Hold” and an average price target of $85.58.

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.