Cetera Advisor Networks LLC Raises Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Cetera Advisor Networks LLC increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 76.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,609 shares of the company’s stock after purchasing an additional 4,160 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Dollar Tree were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd raised its holdings in Dollar Tree by 1,682.5% in the 4th quarter. Qube Research & Technologies Ltd now owns 164,222 shares of the company’s stock valued at $23,076,000 after acquiring an additional 155,009 shares during the last quarter. First Republic Investment Management Inc. lifted its position in Dollar Tree by 12.6% during the fourth quarter. First Republic Investment Management Inc. now owns 25,721 shares of the company’s stock worth $3,614,000 after buying an additional 2,883 shares during the period. UMB Bank N A MO purchased a new stake in Dollar Tree in the 4th quarter valued at about $54,000. Palladium Partners LLC grew its holdings in Dollar Tree by 4.3% in the 4th quarter. Palladium Partners LLC now owns 39,073 shares of the company’s stock valued at $5,491,000 after buying an additional 1,599 shares during the period. Finally, Holderness Investments Co. acquired a new position in shares of Dollar Tree during the 4th quarter valued at about $256,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Dollar Tree from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, August 26th. Piper Sandler dropped their price objective on Dollar Tree from $191.00 to $167.00 and set an “overweight” rating for the company in a report on Friday, August 26th. Truist Financial dropped their price target on Dollar Tree from $178.00 to $168.00 and set a “buy” rating for the company in a research note on Friday, August 26th. Barclays lifted their price objective on Dollar Tree from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, May 27th. Finally, Citigroup boosted their target price on Dollar Tree from $162.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Dollar Tree has a consensus rating of “Moderate Buy” and an average target price of $163.76.

Dollar Tree Stock Down 0.6 %

Shares of NASDAQ DLTR opened at $136.58 on Friday. The firm has a market cap of $30.59 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 1.19 and a beta of 0.68. Dollar Tree, Inc. has a 1 year low of $84.26 and a 1 year high of $177.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.22 and a current ratio of 1.46. The stock’s 50-day simple moving average is $162.28 and its 200-day simple moving average is $157.36.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its earnings results on Thursday, August 25th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.01. Dollar Tree had a return on equity of 19.83% and a net margin of 5.77%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.80 billion. During the same period in the prior year, the company posted $1.23 EPS. Dollar Tree’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 7.27 earnings per share for the current fiscal year.

Dollar Tree Profile

(Get Rating)

Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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