SouthState Corp Sells 427 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

SouthState Corp lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 18.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,912 shares of the company’s stock after selling 427 shares during the period. SouthState Corp’s holdings in Dollar Tree were worth $143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Madison Investment Advisors LLC acquired a new position in Dollar Tree during the fourth quarter worth $113,315,000. Equity Investment Corp lifted its stake in Dollar Tree by 95.9% in 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 last quarter. State Street Corp grew its holdings in Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after purchasing an additional 596,191 shares during the period. Kovitz Investment Group Partners LLC increased 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 worth $95,994,000 after buying an additional 425,245 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in Dollar Tree by 111.0% in the fourth quarter. Natixis Advisors LLC now owns 650,493 shares of the company’s stock valued at $48,748,000 after buying an additional 342,196 shares during the period. Institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DLTR shares. Citigroup boosted their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 price objective on shares of Dollar Tree in a research report on Thursday, March 6th. Piper Sandler restated a “neutral” rating and set a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. BMO Capital Markets upped their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $84.79.

Dollar Tree Price Performance

DLTR stock opened at $65.79 on Tuesday. The company’s 50-day moving average price is $71.77 and its two-hundred day moving average price is $70.50. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $137.14. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a market cap of $14.14 billion, a P/E ratio of -13.79, a P/E/G ratio of 2.16 and a beta of 0.91.

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.