Hopwood Financial Services Inc. Buys New Shares in Dollar Tree, Inc. (NASDAQ:DLTR)

Hopwood Financial Services Inc. bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, Holdings Channel.com reports. The fund bought 600 shares of the company’s stock, valued at approximately $45,000.

Several other institutional investors have also recently added to or reduced their stakes in DLTR. Equity Investment Corp grew 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 acquiring an additional 746,913 shares during the period. State Street Corp grew its position in Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after acquiring an additional 596,191 shares during the period. Kovitz Investment Group Partners LLC grew its position 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 valued at $95,994,000 after acquiring an additional 425,245 shares during the period. Raymond James Financial Inc. purchased a new stake in Dollar Tree during the fourth quarter valued at about $24,922,000. Finally, Forest Avenue Capital Management LP purchased a new stake in Dollar Tree during the third quarter valued at about $19,591,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DLTR shares. Evercore ISI lowered their price target on 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research report on Thursday, March 6th. Jefferies Financial Group upped their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Citigroup upped their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $84.79.

Dollar Tree Trading Down 5.7 %

Shares of NASDAQ DLTR opened at $61.92 on Thursday. The stock’s 50 day moving average price is $72.37 and its two-hundred day moving average price is $71.23. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $137.14. The stock has a market capitalization of $13.31 billion, a P/E ratio of -12.98, a PEG ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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.