Ieq Capital LLC Acquires New Shares in Dollar Tree, Inc. (NASDAQ:DLTR)

Ieq Capital LLC bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,472 shares of the company’s stock, valued at approximately $1,834,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Alan B Lancz & Associates Inc. grew its position in shares of Dollar Tree by 6.6% during the third quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock worth $229,000 after acquiring an additional 200 shares during the last quarter. AM Squared Ltd boosted its stake in Dollar Tree by 12.5% during the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock valued at $127,000 after purchasing an additional 200 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the last quarter. First Horizon Advisors Inc. increased its stake 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. Finally, Empowered Funds LLC raised its holdings in shares of Dollar Tree by 8.4% during the fourth quarter. Empowered Funds LLC now owns 3,744 shares of the company’s stock valued at $281,000 after buying an additional 291 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DLTR shares. Loop Capital increased their price objective on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Truist Financial increased their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group restated a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a research note on Friday, December 20th. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, Evercore ISI lowered 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. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $74.96 on Monday. The company has a market capitalization of $16.12 billion, a P/E ratio of -15.71, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. 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, Inc. has a one year low of $60.49 and a one year high of $151.21. The business’s 50-day moving average price is $73.14 and its two-hundred day moving average price is $73.48.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the previous year, the business earned $0.97 EPS. Dollar Tree’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts anticipate 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.