Stephens Inc. AR Has $544,000 Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Stephens Inc. AR decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 47.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,254 shares of the company’s stock after selling 6,571 shares during the period. Stephens Inc. AR’s holdings in Dollar Tree were worth $544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empower Advisory Group LLC grew its holdings in shares of Dollar Tree by 41.3% in the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after buying an additional 192,754 shares during the period. Farther Finance Advisors LLC boosted its stake in Dollar Tree by 374.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after purchasing an additional 1,797 shares during the period. Equity Investment Corp boosted its stake in Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after purchasing an additional 746,913 shares during the period. Forest Avenue Capital Management LP acquired a new position in Dollar Tree in the 3rd quarter worth $19,591,000. Finally, Anthracite Investment Company Inc. acquired a new position in Dollar Tree in the 3rd quarter worth $2,813,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DLTR. JPMorgan Chase & Co. upped their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. BMO Capital Markets upped their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Piper Sandler reaffirmed a “neutral” rating and issued a $72.00 target price (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Sanford C. Bernstein began coverage on shares of Dollar Tree in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 target price for the company. Finally, Truist Financial upped their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Stock Down 0.6 %

Dollar Tree stock opened at $71.56 on Friday. The stock has a market cap of $15.38 billion, a P/E ratio of -15.00, a P/E/G ratio of 2.11 and a beta of 0.89. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The company’s 50-day moving average price is $72.82 and its two-hundred day moving average price is $74.94.

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

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.