Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by S.A. Mason LLC

S.A. Mason LLC trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 28.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,732 shares of the company’s stock after selling 674 shares during the period. S.A. Mason LLC’s holdings in Dollar Tree were worth $130,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DLTR. Equity Investment Corp increased 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 acquiring an additional 746,913 shares during the last quarter. Canoe Financial LP acquired a new stake in Dollar Tree during the 3rd quarter worth approximately $46,576,000. State Street Corp increased its position in 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 purchasing an additional 596,191 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Dollar Tree by 238.7% in the third quarter. Assenagon Asset Management S.A. now owns 693,950 shares of the company’s stock valued at $48,799,000 after buying an additional 489,074 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its position in Dollar Tree by 45.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock valued at $95,994,000 after buying an additional 425,245 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $73.35 on Monday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The company’s 50-day simple moving average is $72.58 and its 200-day simple moving average is $76.76. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DLTR shares. Loop Capital increased their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. increased their price target on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Piper Sandler restated a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Jefferies Financial Group increased their target price on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets raised their target price on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree 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.