IFP Advisors Inc Cuts Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

IFP Advisors Inc lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 20.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 710 shares of the company’s stock after selling 184 shares during the quarter. IFP Advisors Inc’s holdings in Dollar Tree were worth $53,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DLTR. Equity Investment Corp grew its stake in shares of Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after buying an additional 746,913 shares during the last quarter. State Street Corp grew its stake in shares of Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after buying an additional 596,191 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Dollar Tree by 45.9% in the 3rd 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. Forest Avenue Capital Management LP purchased a new stake in shares of Dollar Tree in the 3rd quarter worth approximately $19,591,000. Finally, Scopia Capital Management LP purchased a new stake in Dollar Tree during the 3rd quarter valued at $16,151,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on DLTR shares. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Jefferies Financial Group increased their target price on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Truist Financial increased their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a research note on Thursday. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.58.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $69.10 on Friday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.00. The stock’s fifty day moving average is $73.10 and its 200 day moving average is $72.33. The stock has a market cap of $14.86 billion, a P/E ratio of -14.49, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same period last year, the firm earned $0.97 EPS. Dollar Tree’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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.