Dollar Tree, Inc. (NASDAQ:DLTR) Holdings Decreased by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lessened its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,503 shares of the company’s stock after selling 161 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Dollar Tree were worth $1,462,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Dollar Tree by 19.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,235 shares of the company’s stock valued at $542,000 after acquiring an additional 1,157 shares during the period. Caprock Group LLC acquired a new position in shares of Dollar Tree during the 4th quarter valued at $382,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Dollar Tree during the 4th quarter valued at $448,000. OLD National Bancorp IN raised its stake in shares of Dollar Tree by 9.1% in the 4th quarter. OLD National Bancorp IN now owns 5,292 shares of the company’s stock worth $397,000 after buying an additional 443 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Dollar Tree by 26.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 22,524 shares of the company’s stock valued at $1,688,000 after buying an additional 4,662 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR opened at $71.63 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The business’s 50-day moving average price is $72.58 and its two-hundred day moving average price is $76.56. The company has a market capitalization of $15.40 billion, a P/E ratio of -15.02, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DLTR shares. Jefferies Financial Group lifted their price objective 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. Truist Financial upped their price target on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised their price objective on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Loop Capital boosted their target price on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.