Forsta AP Fonden lessened its holdings in Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 14.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,100 shares of the company’s stock after selling 12,500 shares during the quarter. Forsta AP Fonden’s holdings in Dollar Tree were worth $12,027,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of DLTR. Missouri Trust & Investment Co bought a new stake in shares of Dollar Tree in the fourth quarter valued at about $31,000. Covestor Ltd acquired a new position in Dollar Tree in the fourth quarter valued at about $32,000. Exchange Traded Concepts LLC raised its stake in Dollar Tree by 372.9% in the first quarter. Exchange Traded Concepts LLC now owns 227 shares of the company’s stock valued at $36,000 after purchasing an additional 179 shares in the last quarter. Allegheny Financial Group LTD acquired a new position in Dollar Tree in the fourth quarter valued at about $46,000. Finally, UMB Bank N A MO acquired a new position in Dollar Tree in the fourth quarter valued at about $54,000. Institutional investors own 98.54% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently commented on DLTR shares. Deutsche Bank Aktiengesellschaft dropped their price target on Dollar Tree from $180.00 to $179.00 in a research note on Wednesday, May 25th. StockNews.com raised Dollar Tree from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Morgan Stanley boosted their target price on Dollar Tree from $150.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Friday, May 27th. Truist Financial boosted their target price on Dollar Tree to $178.00 in a research note on Friday, May 27th. Finally, Barclays boosted their target price on Dollar Tree from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.82.
Dollar Tree Stock Performance
Dollar Tree (NASDAQ:DLTR – Get Rating) last announced its earnings results on Thursday, May 26th. The company reported $2.37 EPS for the quarter, beating the consensus estimate of $1.98 by $0.39. Dollar Tree had a return on equity of 19.71% and a net margin of 5.57%. The business had revenue of $6.90 billion for the quarter, compared to analysts’ expectations of $6.77 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, research analysts forecast that Dollar Tree, Inc. will post 8.15 earnings per share for the current year.
Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.
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