Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 120.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 424 shares of the company’s stock after acquiring an additional 232 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Dollar Tree were worth $32,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Deseret Mutual Benefit Administrators lifted its holdings 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 last quarter. Checchi Capital Advisers LLC raised its holdings in Dollar Tree by 5.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock worth $254,000 after buying an additional 180 shares during the period. Alan B Lancz & Associates Inc. lifted its stake in Dollar Tree by 6.6% during the third 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 boosted its holdings in shares of Dollar Tree by 12.5% in the third quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock worth $127,000 after buying an additional 200 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $68.77 on Tuesday. The stock has a market capitalization of $14.78 billion, a P/E ratio of -14.42, a P/E/G ratio of 2.16 and a beta of 0.89. The business has a 50-day moving average of $73.44 and a two-hundred day moving average of $72.60. 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 debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last posted its 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. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 EPS. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DLTR has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Citigroup increased their target price on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Evercore ISI reduced their price objective on 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, JPMorgan Chase & Co. raised their price objective on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and a consensus 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.