Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,750 shares of the company’s stock after selling 9,125 shares during the quarter. Louisbourg Investments Inc.’s holdings in Dollar Tree were worth $3,728,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Alan B Lancz & Associates Inc. raised its position in Dollar Tree by 6.6% during the third quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock valued at $229,000 after acquiring an additional 200 shares in the last quarter. AM Squared Ltd increased its holdings in shares of Dollar Tree by 12.5% during the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock valued at $127,000 after purchasing an additional 200 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings 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 purchasing an additional 210 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Dollar Tree by 105.6% in the 3rd 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 period. Finally, Empowered Funds LLC boosted its holdings in Dollar Tree by 8.4% during the fourth quarter. Empowered Funds LLC now owns 3,744 shares of the company’s stock worth $281,000 after buying an additional 291 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of recent analyst reports. Truist Financial lifted their price objective on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price target on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Loop Capital increased their price target on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, Sanford C. Bernstein started coverage on Dollar Tree in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price for the company. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Stock Down 2.2 %

Shares of NASDAQ:DLTR opened at $72.24 on Wednesday. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $72.88 and a two-hundred day moving average of $74.98. The stock has a market cap of $15.53 billion, a P/E ratio of -15.14, a PEG ratio of 2.11 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Dollar Tree’s quarterly revenue was up 3.5% on a year-over-year basis. On average, research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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.