62,800 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 62,800 shares of the company’s stock, valued at approximately $4,706,000.

A number of other hedge funds also recently modified their holdings of the company. Deseret Mutual Benefit Administrators increased its position in shares of Dollar Tree by 20.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock valued at $68,000 after purchasing an additional 157 shares during the period. Checchi Capital Advisers LLC increased its holdings in Dollar Tree by 5.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock valued at $254,000 after buying an additional 180 shares during the period. Alan B Lancz & Associates Inc. raised its stake in shares of Dollar Tree by 6.6% in the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock valued at $229,000 after buying an additional 200 shares in the last quarter. AM Squared Ltd lifted its holdings in shares of Dollar Tree by 12.5% during the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock worth $127,000 after acquiring an additional 200 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Dollar Tree by 91.3% during 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. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several recent research reports. 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 research report on Thursday, December 5th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Citigroup upped their price target on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. BMO Capital Markets lifted their price objective on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Finally, Truist Financial boosted their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. 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, the company has an average rating of “Hold” and a consensus price target of $85.58.

Dollar Tree Trading Down 5.6 %

Shares of DLTR opened at $68.77 on Tuesday. The stock’s fifty day simple moving average is $73.44 and its 200-day simple moving average is $72.60. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $14.78 billion, a PE ratio of -14.42, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results 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 company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same quarter last year, the firm earned $0.97 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.