Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,397 shares of the company’s stock after purchasing an additional 5,717 shares during the quarter. Cibc World Markets Corp’s holdings in Dollar Tree were worth $5,950,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. increased its position in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Versant Capital Management Inc purchased a new position in Dollar Tree during the 4th quarter valued at about $30,000. Parkside Financial Bank & Trust boosted its holdings in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after acquiring an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 210 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DLTR has been the subject of a number of research analyst reports. Jefferies Financial Group raised their target price on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Piper Sandler restated a “neutral” rating and set a $72.00 target price (up from $67.00) on shares of Dollar Tree 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. Truist Financial raised their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company decreased their price objective on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Sixteen 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, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Price Performance

DLTR stock opened at $64.30 on Thursday. The business has a 50 day moving average price of $71.42 and a 200 day moving average price of $70.32. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of -13.48, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week 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.

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.