Strategic Financial Concepts LLC Buys Shares of 17,086 Dollar Tree, Inc. (NASDAQ:DLTR)

Strategic Financial Concepts LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,086 shares of the company’s stock, valued at approximately $1,280,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DLTR. Equity Investment Corp boosted its position in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after purchasing an additional 746,913 shares during the last quarter. Canoe Financial LP acquired a new position in shares of Dollar Tree during the 3rd quarter worth about $46,576,000. State Street Corp raised its holdings in shares of Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after purchasing an additional 596,191 shares during the period. Assenagon Asset Management S.A. lifted its stake in Dollar Tree by 238.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 693,950 shares of the company’s stock valued at $48,799,000 after purchasing an additional 489,074 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in Dollar Tree by 45.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock worth $95,994,000 after purchasing an additional 425,245 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on DLTR. BMO Capital Markets upped their price objective on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Sanford C. Bernstein assumed coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective on the stock. Evercore ISI cut their target price on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Finally, Piper Sandler reiterated a “neutral” rating and issued a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Up 1.7 %

Shares of DLTR opened at $73.86 on Tuesday. The firm has a 50 day simple moving average of $72.86 and a two-hundred day simple moving average of $75.40. 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 company has a market cap of $15.88 billion, a P/E ratio of -15.48, a P/E/G ratio of 2.11 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 EPS. Research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal 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.