Signaturefd LLC Raises Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Signaturefd LLC raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 31.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,397 shares of the company’s stock after purchasing an additional 1,054 shares during the period. Signaturefd LLC’s holdings in Dollar Tree were worth $330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DLTR. Assetmark Inc. grew its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares during the period. Versant Capital Management Inc acquired a new stake in shares of Dollar Tree in the fourth quarter valued at about $30,000. Parkside Financial Bank & Trust increased its stake in shares of Dollar Tree by 120.8% during 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 in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Dollar Tree by 91.3% during the 4th 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. lifted its stake in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $66.75 on Friday. The business’s fifty day simple moving average is $71.15 and its 200-day simple moving average is $70.16. 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 firm has a market cap of $14.35 billion, a PE ratio of -13.99, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $137.14.

Analysts Set New Price Targets

DLTR has been the subject of a number of research analyst reports. Truist Financial increased their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Wells Fargo & Company dropped their target price on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Jefferies Financial Group raised their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Guggenheim dropped their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Sixteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average price target of $84.26.

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.