Dollar Tree, Inc. $DLTR Shares Acquired by Danske Bank A S

Danske Bank A S increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,822 shares of the company’s stock after acquiring an additional 7,400 shares during the period. Danske Bank A S’s holdings in Dollar Tree were worth $11,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in Dollar Tree in the 3rd quarter valued at approximately $29,000. YANKCOM Partnership purchased a new stake in Dollar Tree in the 4th quarter valued at approximately $31,000. FNY Investment Advisers LLC purchased a new stake in Dollar Tree in the 3rd quarter valued at approximately $37,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree in the 4th quarter valued at approximately $39,000. Finally, Smartleaf Asset Management LLC lifted its stake in Dollar Tree by 90.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock valued at $40,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DLTR shares. Bank of America upped their target price on Dollar Tree from $85.00 to $89.00 and gave the company an “underperform” rating in a research note on Monday, March 16th. Evercore set a $150.00 target price on Dollar Tree in a research note on Tuesday, April 21st. Truist Financial reduced their target price on Dollar Tree from $156.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Morgan Stanley reduced their target price on Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dollar Tree in a research note on Tuesday, March 17th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $122.76.

Dollar Tree Trading Down 0.7%

Shares of Dollar Tree stock opened at $94.05 on Tuesday. Dollar Tree, Inc. has a fifty-two week low of $83.11 and a fifty-two week high of $142.40. The firm has a market cap of $18.56 billion, a PE ratio of 15.05, a P/E/G ratio of 1.18 and a beta of 0.61. The business’s fifty day moving average is $109.89 and its two-hundred day moving average is $114.81. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 0.65.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Monday, March 16th. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter in the prior year, the company posted $2.11 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts anticipate that Dollar Tree, Inc. will post 6.75 earnings per share for the current year.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.