Chemistry Wealth Management LLC Purchases 1,106 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Chemistry Wealth Management LLC increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 17.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,366 shares of the company’s stock after buying an additional 1,106 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Dollar Tree were worth $552,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in Dollar Tree in the 4th quarter worth $30,000. Eastern Bank purchased a new stake in Dollar Tree in the 3rd quarter worth $34,000. 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 worth $39,000 after purchasing an additional 284 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Dollar Tree during the 3rd quarter valued at about $48,000. Institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

DLTR has been the topic of several recent research reports. Loop Capital upped their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Evercore ISI decreased their target price on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upped their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Truist Financial upped their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein initiated coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective on the stock. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Dollar Tree has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Price Performance

NASDAQ DLTR opened at $72.07 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm’s 50 day moving average price is $70.60 and its 200-day moving average price is $79.45. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The company has a market cap of $15.49 billion, a PE ratio of -15.11, a P/E/G ratio of 2.32 and a beta of 0.90.

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

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.