HHM Wealth Advisors LLC Makes New $61,000 Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

HHM Wealth Advisors LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 812 shares of the company’s stock, valued at approximately $61,000.

Several other institutional investors have also recently made changes to their positions in DLTR. Versant Capital Management Inc bought a new stake in Dollar Tree in the 4th quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB grew its stake in Dollar Tree by 91.3% in the fourth 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 during the period. Eastern Bank bought a new stake in shares of Dollar Tree during the third quarter valued at approximately $34,000. First Horizon Advisors Inc. increased its holdings in shares of Dollar Tree by 105.6% during the third 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 position in shares of Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

Dollar Tree stock opened at $71.63 on Tuesday. 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 business’s 50 day simple moving average is $72.58 and its 200 day simple moving average is $76.56. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The company has a market cap of $15.40 billion, a price-to-earnings ratio of -15.02, a PEG ratio of 2.34 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

DLTR has been the subject of several research reports. Evercore ISI reduced their price target on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Guggenheim cut their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Finally, Jefferies Financial Group boosted their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Seventeen 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 company currently has an average rating of “Hold” and an average target price 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.