Easterly Investment Partners LLC Raises Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Easterly Investment Partners LLC lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 17.8% in the fourth quarter, Holdings Channel reports. The firm owned 96,081 shares of the company’s stock after buying an additional 14,493 shares during the period. Easterly Investment Partners LLC’s holdings in Dollar Tree were worth $7,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLTR. Norges Bank acquired a new position in shares of Dollar Tree during the fourth quarter valued at about $171,149,000. UniSuper Management Pty Ltd lifted its stake in Dollar Tree by 20.0% during the 4th quarter. UniSuper Management Pty Ltd now owns 30,228 shares of the company’s stock valued at $2,265,000 after acquiring an additional 5,042 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Dollar Tree by 0.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 308,755 shares of the company’s stock valued at $22,650,000 after purchasing an additional 2,840 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Dollar Tree during the fourth quarter worth about $43,000. Finally, Prudential Financial Inc. grew its stake in shares of Dollar Tree by 22.7% during the 4th quarter. Prudential Financial Inc. now owns 768,937 shares of the company’s stock worth $57,624,000 after purchasing an additional 142,201 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $69.21 on Thursday. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of -14.51, a PEG ratio of 2.16 and a beta of 0.91. 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 company’s 50-day moving average is $71.03 and its two-hundred day moving average is $70.13. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $137.14.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the company posted $2.55 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on DLTR. Jefferies Financial Group lifted their price target on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. BMO Capital Markets boosted their price objective on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. Citigroup increased their target price on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Wells Fargo & Company dropped their price target on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Finally, Piper Sandler restated 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. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and an average price target of $83.89.

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.