American Century Companies Inc. Lowers Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

American Century Companies Inc. decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,098,425 shares of the company’s stock after selling 41,950 shares during the period. American Century Companies Inc.’s holdings in Dollar Tree were worth $157,256,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DLTR. Assetmark Inc. lifted its stake in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after buying an additional 149 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Dollar Tree during the 4th quarter valued at $30,000. Parkside Financial Bank & Trust lifted its stake in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $66.75 on Friday. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of -13.99, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $137.14. The firm’s 50-day moving average is $71.15 and its 200 day moving average is $70.08. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

DLTR has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Truist Financial boosted their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. UBS Group decreased their price target on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Sixteen 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 presently has a consensus rating of “Hold” and an average target price of $84.26.

Dollar Tree Company 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.