Fisher Funds Management LTD Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Fisher Funds Management LTD acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 31,806 shares of the company’s stock, valued at approximately $2,377,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Equity Investment Corp grew its stake in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after purchasing an additional 746,913 shares during the period. Canoe Financial LP bought a new position in shares of Dollar Tree during the 3rd quarter worth approximately $46,576,000. State Street Corp grew its position in shares of Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after buying an additional 596,191 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Dollar Tree by 45.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock valued at $95,994,000 after acquiring an additional 425,245 shares in the last quarter. Finally, Forest Avenue Capital Management LP acquired a new position in shares of Dollar Tree during the 3rd quarter valued at $19,591,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on DLTR. Piper Sandler restated a “neutral” rating and issued a $72.00 price target (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. JPMorgan Chase & Co. raised their target price on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Citigroup upped their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Loop Capital increased their price target on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, Evercore ISI decreased their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Trading Down 1.7 %

Shares of DLTR stock opened at $74.96 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company 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 52-week low of $60.49 and a 52-week high of $151.21. The company has a 50-day simple moving average of $73.14 and a two-hundred day simple moving average of $73.48.

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