Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,397 shares of the company’s stock after buying an additional 5,717 shares during the period. Cibc World Markets Corp’s holdings in Dollar Tree were worth $5,950,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. increased its position in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after buying an additional 149 shares during the period. Versant Capital Management Inc acquired a new position in shares of Dollar Tree in the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust increased its holdings in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after purchasing an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dollar Tree by 91.3% in the fourth 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 during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of Dollar Tree by 105.6% in the third 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. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Down 1.0 %

DLTR opened at $64.30 on Thursday. The business’s fifty day moving average is $71.42 and its two-hundred day moving average is $70.32. 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 company has a market cap of $13.82 billion, a price-to-earnings ratio of -13.48, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $137.14.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of recent research reports. Loop Capital boosted their target price on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Evercore ISI dropped their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Piper Sandler reissued a “neutral” rating and issued a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Citigroup boosted their target price on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.79.

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.