Tredje AP fonden Decreases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Tredje AP fonden cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 50.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,834 shares of the company’s stock after selling 15,834 shares during the quarter. Tredje AP fonden’s holdings in Dollar Tree were worth $1,187,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Assetmark Inc. grew its position in shares of Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc purchased a new position in Dollar Tree in the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust grew its position in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after acquiring an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB grew 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 acquiring an additional 210 shares during the period. Finally, First Horizon Advisors Inc. grew its position in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Down 2.2 %

Dollar Tree stock opened at $64.56 on Friday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $137.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a market cap of $13.88 billion, a PE ratio of -13.53, a P/E/G ratio of 2.16 and a beta of 0.91. The stock’s fifty day moving average is $71.99 and its two-hundred day moving average is $70.97.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DLTR shares. Piper Sandler reiterated a “neutral” rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Jefferies Financial Group raised their price target on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Citigroup raised their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Evercore ISI lowered their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Finally, Loop Capital raised their price target on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $84.79.

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.