Dollar Tree, Inc. (NASDAQ:DLTR) Stake Lifted by Lindbrook Capital LLC

Lindbrook Capital LLC grew its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 536.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,196 shares of the company’s stock after acquiring an additional 1,008 shares during the quarter. Lindbrook Capital LLC’s holdings in Dollar Tree were worth $90,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. boosted 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 during the period. Versant Capital Management Inc acquired a new position in Dollar Tree during the 4th quarter worth $30,000. Parkside Financial Bank & Trust boosted 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 during the period. MassMutual Private Wealth & Trust FSB boosted 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 during the period. Finally, First Horizon Advisors Inc. boosted 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 during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DLTR. Evercore ISI reduced their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Jefferies Financial Group boosted their price target on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Guggenheim cut their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. Piper Sandler restated a “neutral” rating and issued a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Finally, BMO Capital Markets upped their price objective on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.79.

Dollar Tree Stock Down 0.2 %

Shares of Dollar Tree stock opened at $68.99 on Friday. The stock’s fifty day moving average is $72.96 and its 200-day moving average is $72.12. The firm has a market capitalization of $14.83 billion, a PE ratio of -14.46, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $150.74.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results 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 firm had revenue of $7.57 billion for 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%. Dollar Tree’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. Equities analysts anticipate 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.