Dollar Tree, Inc. (NASDAQ:DLTR) Stock Holdings Increased by M&T Bank Corp

M&T Bank Corp raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 21.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,945 shares of the company’s stock after acquiring an additional 2,655 shares during the period. M&T Bank Corp’s holdings in Dollar Tree were worth $1,119,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Dollar Tree in the 4th quarter worth $30,000. 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. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on DLTR. Evercore ISI dropped their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Guggenheim dropped their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Citigroup boosted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. BMO Capital Markets boosted their price objective 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. Finally, Wells Fargo & Company cut their target price on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.79.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $65.69 on Wednesday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $150.74. The business has a 50-day moving average of $72.63 and a two-hundred day moving average of $71.29. The stock has a market capitalization of $14.12 billion, a P/E ratio of -13.77, 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 current ratio of 1.03 and a quick ratio of 0.17.

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.