Ieq Capital LLC Invests $1.83 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

Ieq Capital LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, HoldingsChannel reports. The firm purchased 24,472 shares of the company’s stock, valued at approximately $1,834,000.

Other large investors have also made changes to their positions in the company. Equity Investment Corp lifted its stake in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares during the period. Canoe Financial LP acquired a new stake in shares of Dollar Tree during the third quarter worth $46,576,000. State Street Corp lifted its holdings in shares of Dollar Tree by 6.8% in the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after purchasing an additional 596,191 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in Dollar Tree by 45.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock worth $95,994,000 after acquiring an additional 425,245 shares during the last quarter. Finally, Forest Avenue Capital Management LP acquired a new stake in shares of Dollar Tree in the third quarter valued at approximately $19,591,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DLTR shares. Citigroup lifted their target price on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and set a $75.00 price target on shares of Dollar Tree in a research report on Friday, December 20th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Truist Financial boosted their price target on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Loop Capital raised their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Stock Down 1.7 %

Shares of NASDAQ DLTR opened at $74.96 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a market capitalization of $16.12 billion, a PE ratio of -15.71, a P/E/G ratio of 2.16 and a beta of 0.89. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. The business’s fifty day moving average price is $73.14 and its 200-day moving average price is $73.48.

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