Stevens Capital Management LP Purchases Shares of 6,424 Dollar Tree, Inc. (NASDAQ:DLTR)

Stevens Capital Management LP purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 6,424 shares of the company’s stock, valued at approximately $481,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Dollar Tree by 74.1% in the fourth 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 bought a new position in shares of Dollar Tree in the fourth quarter worth about $30,000. Parkside Financial Bank & Trust raised its stake in shares of Dollar Tree by 120.8% in the fourth 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 last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dollar Tree by 91.3% in the fourth 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 last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Dollar Tree by 105.6% in the third 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 last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Up 3.3 %

Shares of DLTR stock opened at $66.75 on Monday. The firm has a fifty day moving average of $71.15 and a 200-day moving average of $70.12. 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 $137.14. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of -13.99, a P/E/G ratio of 2.16 and a beta of 0.91.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Citigroup boosted their target price 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research note on Thursday, March 6th. 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. Finally, Wells Fargo & Company cut their price objective on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. 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.com, the stock has a consensus rating of “Hold” and an average price target of $84.26.

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.