HHM Wealth Advisors LLC Invests $61,000 in Dollar Tree, Inc. (NASDAQ:DLTR)

HHM Wealth Advisors LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 812 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds have also added to or reduced their stakes in the business. Versant Capital Management Inc bought a new position in shares of Dollar Tree in the fourth quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB lifted its position in Dollar Tree by 91.3% during 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. Eastern Bank bought a new stake in shares of Dollar Tree during the third quarter worth approximately $34,000. First Horizon Advisors Inc. grew its position 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 valued at $39,000 after purchasing an additional 284 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after purchasing an additional 554 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $71.63 on Tuesday. The company’s 50 day moving average price is $72.58 and its two-hundred day moving average price is $76.56. The firm has a market capitalization of $15.40 billion, a P/E ratio of -15.02, a P/E/G ratio of 2.34 and a beta of 0.90. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last released 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. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter last year, the business posted $0.97 EPS. Dollar Tree’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DLTR shares. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Loop Capital upped their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. 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 research note on Thursday, December 5th. BMO Capital Markets increased 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 report on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $85.58.

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.