Tobam Sells 2,629 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Tobam decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 32.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,411 shares of the company’s stock after selling 2,629 shares during the quarter. Tobam’s holdings in Dollar Tree were worth $406,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Dollar Tree by 101.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,960 shares of the company’s stock valued at $316,000 after purchasing an additional 1,490 shares during the period. Sanctuary Advisors LLC acquired a new position in Dollar Tree during the 2nd quarter worth approximately $779,000. Czech National Bank raised its stake in Dollar Tree by 4.2% during the 3rd quarter. Czech National Bank now owns 41,159 shares of the company’s stock worth $2,894,000 after buying an additional 1,670 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in Dollar Tree by 80.3% in the third quarter. Bruce G. Allen Investments LLC now owns 1,482 shares of the company’s stock worth $104,000 after acquiring an additional 660 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Dollar Tree by 448.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,712 shares of the company’s stock valued at $120,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup increased their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Telsey Advisory Group restated a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. BMO Capital Markets lifted their price target on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group increased their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Seventeen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $85.58.

Dollar Tree Stock Up 0.4 %

Shares of DLTR opened at $74.52 on Friday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock’s fifty day moving average price is $72.77 and its two-hundred day moving average price is $76.07.

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. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

About Dollar Tree

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.