SouthState Corp Has $143,000 Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

SouthState Corp reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 18.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,912 shares of the company’s stock after selling 427 shares during the period. SouthState Corp’s holdings in Dollar Tree were worth $143,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its holdings in shares of Dollar Tree by 8.2% in the 4th quarter. Corient Private Wealth LLC now owns 18,843 shares of the company’s stock worth $1,412,000 after acquiring an additional 1,424 shares in the last quarter. Natixis Advisors LLC lifted its position in Dollar Tree by 111.0% during the 4th quarter. Natixis Advisors LLC now owns 650,493 shares of the company’s stock worth $48,748,000 after buying an additional 342,196 shares in the last quarter. Monimus Capital Management LP bought a new stake in Dollar Tree during the 4th quarter worth about $1,615,000. Catalyst Funds Management Pty Ltd acquired a new stake in Dollar Tree in the 4th quarter valued at about $6,909,000. Finally, Intact Investment Management Inc. raised its stake in shares of Dollar Tree by 8.7% in the fourth quarter. Intact Investment Management Inc. now owns 11,200 shares of the company’s stock worth $839,000 after acquiring an additional 900 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a report on Thursday, March 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Jefferies Financial Group boosted their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Loop Capital lifted their price objective on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Evercore ISI dropped their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and an average price target of $84.79.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $65.79 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of -13.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The stock’s 50-day moving average is $71.77 and its 200-day moving average is $70.50. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $137.14.

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.