Dollar Tree, Inc. $DLTR Shares Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 167.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,690 shares of the company’s stock after acquiring an additional 6,069 shares during the period. Kestra Investment Management LLC’s holdings in Dollar Tree were worth $1,192,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in Dollar Tree during the fourth quarter worth $25,000. Covestor Ltd grew its holdings in Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after acquiring an additional 84 shares during the period. Root Financial Partners LLC acquired a new position in Dollar Tree during the third quarter worth $29,000. YANKCOM Partnership acquired a new position in Dollar Tree during the fourth quarter worth $31,000. Finally, Elyxium Wealth LLC acquired a new position in Dollar Tree during the fourth quarter worth $34,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Down 1.3%

DLTR opened at $93.70 on Wednesday. The business’s fifty day moving average is $100.90 and its two-hundred day moving average is $113.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07. The company has a market cap of $18.25 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.19 and a beta of 0.61. Dollar Tree, Inc. has a one year low of $84.71 and a one year high of $142.40.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.46 billion. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.Dollar Tree’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 earnings per share. Analysts anticipate that Dollar Tree, Inc. will post 6.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of recent analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of Dollar Tree in a report on Monday, March 9th. BMO Capital Markets reaffirmed an “underperform” rating on shares of Dollar Tree in a report on Tuesday, March 17th. Sanford C. Bernstein set a $115.00 price objective on Dollar Tree in a report on Tuesday, May 12th. Barclays reiterated an “overweight” rating and set a $131.00 target price on shares of Dollar Tree in a research report on Tuesday. Finally, Evercore set a $140.00 target price on Dollar Tree in a research report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $120.00.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.