St. Louis Financial Planners Asset Management LLC Invests $1.30 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

St. Louis Financial Planners Asset Management LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, Holdings Channel reports. The firm acquired 17,288 shares of the company’s stock, valued at approximately $1,296,000. Dollar Tree comprises 0.9% of St. Louis Financial Planners Asset Management LLC’s holdings, making the stock its 23rd biggest holding.

Several other institutional investors have also added to or reduced their stakes in DLTR. EverSource Wealth Advisors LLC boosted its holdings in Dollar Tree by 35.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock valued at $69,000 after acquiring an additional 171 shares during the period. Alan B Lancz & Associates Inc. boosted its stake 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 valued at $229,000 after purchasing an additional 200 shares during the period. AM Squared Ltd grew its holdings in shares of Dollar Tree by 12.5% in the third quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock worth $127,000 after purchasing an additional 200 shares during the last quarter. Federated Hermes Inc. boosted its position in Dollar Tree by 1.6% during the 2nd quarter. Federated Hermes Inc. now owns 13,367 shares of the company’s stock valued at $1,427,000 after buying an additional 209 shares during the period. Finally, McGinn Penninger Investment Management Inc. boosted its position in Dollar Tree by 0.5% during the 2nd quarter. McGinn Penninger Investment Management Inc. now owns 45,503 shares of the company’s stock valued at $4,858,000 after buying an additional 210 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Up 0.2 %

NASDAQ DLTR opened at $70.34 on Thursday. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is $70.29 and its 200-day moving average price is $79.57. The stock has a market cap of $15.12 billion, a P/E ratio of -14.75, a P/E/G ratio of 2.23 and a beta of 0.90.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DLTR shares. Telsey Advisory Group restated a “market perform” rating and issued a $75.00 price objective on shares of Dollar Tree in a research report on Friday, December 20th. Guggenheim reduced their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Citigroup increased their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Piper Sandler reiterated a “neutral” rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Finally, KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $85.58.

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.