Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Sunbelt Securities Inc.

Sunbelt Securities Inc. increased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 738.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 629 shares of the company’s stock after purchasing an additional 554 shares during the quarter. Sunbelt Securities Inc.’s holdings in Dollar Tree were worth $44,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Primecap Management Co. CA raised its stake in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after buying an additional 957,275 shares during the period. Renaissance Technologies LLC raised its position in Dollar Tree by 488.4% during the second quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock worth $111,531,000 after acquiring an additional 867,054 shares during the period. Equity Investment Corp lifted its holdings in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after purchasing an additional 746,913 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Dollar Tree by 165.4% in the second quarter. Point72 Asset Management L.P. now owns 1,028,411 shares of the company’s stock valued at $109,803,000 after purchasing an additional 640,848 shares during the period. Finally, Canoe Financial LP purchased a new stake in shares of Dollar Tree during the third quarter worth about $46,576,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Melius Research assumed coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 price target on the stock. Piper Sandler restated a “neutral” rating and issued a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Truist Financial boosted their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Evercore ISI decreased their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Finally, Guggenheim lowered their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.58.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $70.09 on Monday. The firm has a market cap of $15.07 billion, a PE ratio of -14.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. 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, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The business’s fifty day simple moving average is $67.69 and its 200-day simple moving average is $85.28.

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

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.