DnB Asset Management AS Trims Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

DnB Asset Management AS decreased its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 51.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 37,061 shares of the company’s stock after selling 38,718 shares during the period. DnB Asset Management AS’s holdings in Dollar Tree were worth $2,777,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DLTR. Assetmark Inc. boosted its stake in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree in the 4th quarter valued at about $30,000. Parkside Financial Bank & Trust boosted its position in shares of Dollar Tree by 120.8% in the 4th 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 grew its stake in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Dollar Tree during the 4th quarter worth approximately $43,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Piper Sandler reissued a “neutral” rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. BMO Capital Markets upped their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. Citigroup raised their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. UBS Group reduced their target price on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree has an average rating of “Hold” and an average price target of $83.42.

Dollar Tree Price Performance

Dollar Tree stock opened at $75.07 on Tuesday. The company has a market cap of $16.15 billion, a P/E ratio of -15.74, a price-to-earnings-growth 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. The business has a fifty day moving average of $71.23 and a two-hundred day moving average of $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.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.55 EPS. As a group, 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.