Dollar Tree, Inc. (NASDAQ:DLTR) Stock Position Increased by Metis Global Partners LLC

Metis Global Partners LLC lifted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,773 shares of the company’s stock after buying an additional 220 shares during the period. Metis Global Partners LLC’s holdings in Dollar Tree were worth $508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Dollar Tree in the 4th quarter worth $4,706,000. Checchi Capital Advisers LLC raised its stake in shares of Dollar Tree by 5.6% in 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 in the last quarter. Lake Street Advisors Group LLC bought a new stake in shares of Dollar Tree in the 4th quarter worth $213,000. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Dollar Tree by 12.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 108,910 shares of the company’s stock worth $8,162,000 after buying an additional 11,832 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports 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 research report on Thursday, December 5th. Guggenheim cut their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Piper Sandler reaffirmed a “neutral” rating and set a $72.00 target price (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Truist Financial boosted their target price on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets boosted their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $70.15 on Thursday. The business’s 50-day moving average price is $73.25 and its two-hundred day moving average price is $72.36. 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, Inc. has a one year low of $60.49 and a one year high of $151.00. The company has a market capitalization of $15.08 billion, a P/E ratio of -14.71, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

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

Dollar Tree Company 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.