Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Bedell Frazier Investment Counselling LLC

Bedell Frazier Investment Counselling LLC trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 44.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,918 shares of the company’s stock after selling 6,278 shares during the period. Bedell Frazier Investment Counselling LLC’s holdings in Dollar Tree were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Dollar Tree during the 4th quarter valued at $171,149,000. Madison Investment Advisors LLC acquired a new stake in Dollar Tree in the 4th quarter valued at about $113,315,000. Primecap Management Co. CA boosted its holdings in Dollar Tree by 31.3% during the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock worth $298,143,000 after buying an additional 947,580 shares in the last quarter. State Street Corp grew its holdings in shares of Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after acquiring an additional 596,191 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in Dollar Tree by 45.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock worth $95,994,000 after purchasing an additional 425,245 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DLTR shares. Truist Financial decreased their target price on shares of Dollar Tree from $83.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Jefferies Financial Group lifted their price target on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Evercore ISI increased their price objective on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research note on Thursday. Loop Capital reaffirmed a “hold” rating on shares of Dollar Tree in a research note on Thursday. Finally, Citigroup increased their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $83.42.

Dollar Tree Trading Down 5.5 %

NASDAQ:DLTR opened at $72.75 on Monday. The company’s 50 day moving average is $71.17 and its 200-day moving average is $70.27. 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, Inc. has a 12 month low of $60.49 and a 12 month high of $137.14. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of -15.25, a P/E/G ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the business earned $2.55 EPS. The business’s revenue was up .7% compared to the same quarter last year. Equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.