Raymond James Financial Inc. Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Raymond James Financial Inc. purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 332,561 shares of the company’s stock, valued at approximately $24,922,000. Raymond James Financial Inc. owned about 0.15% of Dollar Tree at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. State Street Corp grew its stake in shares of Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after purchasing an additional 596,191 shares during the last quarter. EdgePoint Investment Group Inc. lifted its holdings in Dollar Tree by 0.5% in the third quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock valued at $487,987,000 after buying an additional 35,862 shares during the period. Primecap Management Co. CA lifted its holdings in Dollar Tree by 5.5% in the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after buying an additional 158,385 shares during the period. Janus Henderson Group PLC lifted its holdings in Dollar Tree by 9.8% in the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock valued at $129,724,000 after buying an additional 165,398 shares during the period. Finally, Equity Investment Corp lifted its holdings in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares during the period. 97.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DLTR. Jefferies Financial Group increased their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. BMO Capital Markets increased their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Citigroup increased their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Guggenheim cut their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Finally, Truist Financial increased their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $84.79.

Dollar Tree Stock Down 2.2 %

Shares of DLTR stock opened at $64.56 on Friday. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of -13.53, a P/E/G ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $137.14. The firm has a fifty day moving average of $71.99 and a 200-day moving average of $70.80. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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.