Dollar Tree, Inc. (NASDAQ:DLTR) Position Lifted by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 120.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424 shares of the company’s stock after acquiring an additional 232 shares during the period. Parkside Financial Bank & Trust’s holdings in Dollar Tree were worth $32,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DLTR. State Street Corp grew its stake in 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 purchasing an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. lifted its holdings in Dollar Tree by 0.5% during the 3rd 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 grew its position in shares of Dollar Tree by 5.5% in the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock worth $213,129,000 after acquiring an additional 158,385 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Dollar Tree by 9.8% in 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 raised its position in shares of Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after acquiring an additional 746,913 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on DLTR. 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. Loop Capital lifted their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Citigroup increased their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Jefferies Financial Group lifted their target price on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. increased their price target on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Stock Performance

DLTR opened at $68.77 on Tuesday. The business has a 50 day moving average price of $73.44 and a two-hundred day moving average price of $72.60. 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 company has a market capitalization of $14.78 billion, a price-to-earnings ratio of -14.42, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21.

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