RD Lewis Holdings Inc. Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

RD Lewis Holdings Inc. acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,739 shares of the company’s stock, valued at approximately $417,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DLTR. KBC Group NV grew its position in shares of Dollar Tree by 3.0% in the third quarter. KBC Group NV now owns 27,999 shares of the company’s stock valued at $1,968,000 after purchasing an additional 827 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of Dollar Tree by 12.6% in the third quarter. OneDigital Investment Advisors LLC now owns 3,208 shares of the company’s stock valued at $226,000 after purchasing an additional 358 shares during the period. CIBC Asset Management Inc grew its position in shares of Dollar Tree by 3.9% in the third quarter. CIBC Asset Management Inc now owns 65,289 shares of the company’s stock valued at $4,591,000 after purchasing an additional 2,439 shares during the period. Empowered Funds LLC grew its position in Dollar Tree by 14.4% during the third quarter. Empowered Funds LLC now owns 3,453 shares of the company’s stock valued at $243,000 after acquiring an additional 435 shares during the period. Finally, Equity Investment Corp grew its position in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after acquiring an additional 746,913 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 1.9 %

NASDAQ:DLTR opened at $65.79 on Tuesday. 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, Inc. has a one year low of $60.49 and a one year high of $137.14. The business’s 50-day simple moving average is $71.77 and its 200 day simple moving average is $70.50. The stock 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.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research reports. BMO Capital Markets boosted their price target on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. Piper Sandler reissued a “neutral” rating and set a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Loop Capital boosted their price target on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Citigroup boosted their price target on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group boosted their price target on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $84.79.

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.