ING Groep NV Cuts Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

ING Groep NV lessened its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 50.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,869 shares of the company’s stock after selling 21,159 shares during the period. ING Groep NV’s holdings in Dollar Tree were worth $1,564,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its position in shares of Dollar Tree by 177.8% during the 4th quarter. Handelsbanken Fonder AB now owns 176,353 shares of the company’s stock valued at $13,216,000 after acquiring an additional 112,875 shares during the period. Ieq Capital LLC purchased a new position in Dollar Tree in the fourth quarter valued at approximately $1,834,000. Alberta Investment Management Corp grew its holdings in Dollar Tree by 253.2% during the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock valued at $7,014,000 after purchasing an additional 67,100 shares during the period. Kentucky Retirement Systems Insurance Trust Fund increased its position in Dollar Tree by 23.2% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,369 shares of the company’s stock worth $552,000 after buying an additional 1,387 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Dollar Tree by 36.4% in the fourth quarter. Venturi Wealth Management LLC now owns 6,439 shares of the company’s stock valued at $483,000 after buying an additional 1,718 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 1.7 %

Shares of NASDAQ DLTR opened at $74.96 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $73.14 and a 200-day moving average of $73.48. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of -15.71, a PEG ratio of 2.16 and a beta of 0.89. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DLTR shares. Evercore ISI cut their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Telsey Advisory Group reiterated a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a research report on Friday, December 20th. BMO Capital Markets lifted their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Loop Capital upped their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, Truist Financial lifted their price objective on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $85.58.

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.