Intact Investment Management Inc. Boosts Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Intact Investment Management Inc. boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 8.7% during the 4th quarter, Holdings Channel reports. The firm owned 11,200 shares of the company’s stock after acquiring an additional 900 shares during the period. Intact Investment Management Inc.’s holdings in Dollar Tree were worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. boosted its position in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Versant Capital Management Inc purchased a new position in Dollar Tree in the fourth quarter worth $30,000. Parkside Financial Bank & Trust boosted 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 purchasing an additional 232 shares during the last quarter. 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. Finally, First Horizon Advisors Inc. raised its stake in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several research reports. Wells Fargo & Company lowered their target price on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Evercore ISI lowered their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Piper Sandler restated a “neutral” rating and issued a $72.00 target price (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Truist Financial boosted their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $84.79.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $64.56 on Friday. The firm has a market capitalization of $13.88 billion, a P/E ratio of -13.53, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock’s 50-day simple moving average is $71.99 and its two-hundred day simple moving average is $70.80. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $137.14.

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.