Hopwood Financial Services Inc. Buys Shares of 600 Dollar Tree, Inc. (NASDAQ:DLTR)

Hopwood Financial Services Inc. bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 600 shares of the company’s stock, valued at approximately $45,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Empower Advisory Group LLC boosted its stake in shares of Dollar Tree by 41.3% in the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after buying an additional 192,754 shares in the last quarter. Equity Investment Corp boosted its stake in shares of Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares in the last quarter. Forest Avenue Capital Management LP purchased a new stake in shares of Dollar Tree in the third quarter valued at approximately $19,591,000. Anthracite Investment Company Inc. purchased a new stake in shares of Dollar Tree in the third quarter valued at approximately $2,813,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Dollar Tree in the third quarter valued at approximately $5,235,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLTR has been the topic of a number of analyst reports. 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. BMO Capital Markets lifted their price target on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Jefferies Financial Group lifted their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Wells Fargo & Company reduced their price objective on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, Citigroup lifted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Dollar Tree has a consensus rating of “Hold” and a consensus target price of $84.79.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $61.92 on Thursday. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of -12.98, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The business has a fifty day moving average of $72.37 and a 200-day moving average of $71.23. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $137.14. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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.