E. Ohman J or Asset Management AB Increases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

E. Ohman J or Asset Management AB boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 24.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,700 shares of the company’s stock after purchasing an additional 2,100 shares during the period. E. Ohman J or Asset Management AB’s holdings in Dollar Tree were worth $802,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Dollar Tree in the fourth quarter worth about $30,000. MassMutual Private Wealth & Trust FSB boosted its position in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Eastern Bank purchased a new position in Dollar Tree in the third quarter worth about $34,000. First Horizon Advisors Inc. lifted its position in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 554 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DLTR shares. Guggenheim lowered their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Piper Sandler reaffirmed a “neutral” rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Sanford C. Bernstein started coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price objective on the stock. Finally, Loop Capital lifted their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and an average target price of $85.58.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $74.23 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. The stock’s 50 day simple moving average is $72.72 and its two-hundred day simple moving average is $76.08. The company has a market cap of $15.96 billion, a price-to-earnings ratio of -15.56, a PEG ratio of 2.34 and a beta of 0.89.

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

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.