Metis Global Partners LLC Acquires 220 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Metis Global Partners LLC boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,773 shares of the company’s stock after purchasing an additional 220 shares during the quarter. Metis Global Partners LLC’s holdings in Dollar Tree were worth $508,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DLTR. Versant Capital Management Inc bought a new stake in Dollar Tree during the 4th quarter valued at approximately $30,000. Parkside Financial Bank & Trust raised its holdings in 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 acquiring an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 210 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after acquiring an additional 554 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DLTR. Loop Capital upped their price target 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 cut their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. BMO Capital Markets upped their price target on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Jefferies Financial Group upped their price target on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a report on Friday, December 20th. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Up 5.2 %

NASDAQ DLTR opened at $70.15 on Thursday. The firm has a market cap of $15.08 billion, a PE ratio of -14.71, 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 $151.00. The stock’s 50 day simple moving average is $73.25 and its 200 day simple moving average is $72.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.