Cromwell Holdings LLC Buys Shares of 665 Dollar Tree, Inc. (NASDAQ:DLTR)

Cromwell Holdings LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 665 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Counsel Inc bought a new stake in shares of Dollar Tree during the fourth quarter worth about $285,000. Mattern Capital Management LLC grew its holdings in shares of Dollar Tree by 57.3% during the fourth quarter. Mattern Capital Management LLC now owns 10,263 shares of the company’s stock worth $769,000 after purchasing an additional 3,740 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Dollar Tree by 177.8% during the fourth quarter. Handelsbanken Fonder AB now owns 176,353 shares of the company’s stock worth $13,216,000 after purchasing an additional 112,875 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Dollar Tree during the fourth quarter worth about $1,834,000. Finally, Alberta Investment Management Corp grew its holdings in shares of Dollar Tree by 253.2% during the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock worth $7,014,000 after purchasing an additional 67,100 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Price Performance

Shares of DLTR opened at $76.29 on Friday. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. 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 business’s 50 day moving average price is $73.04 and its two-hundred day moving average price is $73.94. The firm 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.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping 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 company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. Dollar Tree’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DLTR shares. Piper Sandler restated a “neutral” rating and set a $72.00 price target (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Guggenheim reduced their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. Finally, Citigroup upped their target price on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” 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. Based on data from MarketBeat.com, the stock currently has a consensus 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.