69,943 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 69,943 shares of the company’s stock, valued at approximately $5,242,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC increased its holdings in shares of Dollar Tree by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 19,154 shares of the company’s stock valued at $1,435,000 after acquiring an additional 6,052 shares during the last quarter. Sciencast Management LP acquired a new position in Dollar Tree in the fourth quarter worth $3,037,000. Blueshift Asset Management LLC increased its stake in Dollar Tree by 33.8% during the fourth quarter. Blueshift Asset Management LLC now owns 17,230 shares of the company’s stock valued at $1,291,000 after purchasing an additional 4,351 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of Dollar Tree by 3.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 84,175 shares of the company’s stock worth $6,308,000 after purchasing an additional 2,786 shares during the period. Finally, RD Lewis Holdings Inc. bought a new position in shares of Dollar Tree in the 4th quarter worth about $417,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLTR has been the topic of several research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a research note on Thursday, March 6th. Piper Sandler reissued a “neutral” rating and issued a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Evercore ISI lowered their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group boosted their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Sixteen 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 has an average rating of “Hold” and an average target price of $83.89.

Dollar Tree Stock Performance

DLTR opened at $67.14 on Wednesday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $137.14. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of -14.08, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The business has a 50 day moving average price of $71.06 and a two-hundred day moving average price of $70.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

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.