Bruce G. Allen Investments LLC Cuts Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Bruce G. Allen Investments LLC lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 9.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,341 shares of the company’s stock after selling 141 shares during the period. Bruce G. Allen Investments LLC’s holdings in Dollar Tree were worth $100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of Dollar Tree by 35.2% during the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock worth $69,000 after purchasing an additional 171 shares in the last quarter. Alan B Lancz & Associates Inc. increased its position in Dollar Tree by 6.6% during 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 raised its stake in Dollar Tree by 12.5% in the third quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock valued at $127,000 after buying an additional 200 shares during the last quarter. Federated Hermes Inc. boosted its stake in Dollar Tree by 1.6% in the 2nd quarter. Federated Hermes Inc. now owns 13,367 shares of the company’s stock worth $1,427,000 after purchasing an additional 209 shares in the last quarter. Finally, McGinn Penninger Investment Management Inc. lifted its stake in shares of Dollar Tree by 0.5% during the second quarter. McGinn Penninger Investment Management Inc. now owns 45,503 shares of the company’s stock worth $4,858,000 after buying an additional 210 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Trading Up 1.3 %

Shares of NASDAQ DLTR traded up $0.91 on Friday, reaching $72.88. 1,921,015 shares of the company traded hands, compared to its average volume of 2,990,663. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a 50 day moving average of $70.01 and a 200 day moving average of $80.64. The stock has a market capitalization of $15.67 billion, a PE ratio of -15.28, a P/E/G ratio of 2.28 and a beta of 0.90. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

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, topping analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Redburn Atlantic raised Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Loop Capital raised their target price on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Melius Research began coverage on Dollar Tree in a report on Monday, September 23rd. They issued a “hold” rating and a $70.00 price target for the company. Sanford C. Bernstein started coverage on Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective for the company. Finally, BMO Capital Markets increased their target price on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. Seventeen 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 currently has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree 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.