Lake Street Advisors Group LLC Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Lake Street Advisors Group LLC purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, HoldingsChannel reports. The firm purchased 2,841 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DLTR. Equity Investment Corp raised its position in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after acquiring an additional 746,913 shares in the last quarter. State Street Corp raised its holdings in Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after buying an additional 596,191 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in Dollar Tree by 45.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock worth $95,994,000 after buying an additional 425,245 shares during the period. Forest Avenue Capital Management LP acquired a new stake in Dollar Tree during the 3rd quarter worth about $19,591,000. Finally, Scopia Capital Management LP acquired a new stake in Dollar Tree during the 3rd quarter worth about $16,151,000. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DLTR has been the topic of several recent analyst reports. Piper Sandler restated a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Citigroup boosted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. BMO Capital Markets boosted their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Finally, Guggenheim cut their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Trading Down 0.4 %

Shares of NASDAQ DLTR opened at $72.86 on Friday. The stock has a market cap of $15.66 billion, a price-to-earnings ratio of -15.27, a PEG ratio of 2.16 and a beta of 0.89. The business has a 50 day simple moving average of $73.54 and a 200 day simple moving average of $73.07. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week 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.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion during 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 quarter in the previous year, the business posted $0.97 EPS. On average, research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal 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.