Allworth Financial LP Has $113,000 Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Allworth Financial LP lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 35.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,564 shares of the company’s stock after acquiring an additional 413 shares during the quarter. Allworth Financial LP’s holdings in Dollar Tree were worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Dollar Tree in the fourth quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB boosted its position in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Eastern Bank purchased a new position in shares of Dollar Tree during the 3rd quarter valued at $34,000. First Horizon Advisors Inc. lifted its position in shares of 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 buying an additional 284 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after purchasing an additional 554 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Trading Down 1.7 %

Shares of NASDAQ DLTR opened at $74.96 on Monday. The business’s 50 day moving average is $73.14 and its two-hundred day moving average is $73.48. 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 1-year low of $60.49 and a 1-year high of $151.21. The stock has a market capitalization of $16.12 billion, a P/E ratio of -15.71, a PEG ratio of 2.16 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

DLTR has been the topic of a number of research analyst reports. BMO Capital Markets upped their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Guggenheim dropped their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Loop Capital raised their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group lifted their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.58.

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.