Kestra Investment Management LLC Raises Stock Holdings in Dollar Tree, Inc. $DLTR

Kestra Investment Management LLC grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 167.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,690 shares of the company’s stock after acquiring an additional 6,069 shares during the quarter. Kestra Investment Management LLC’s holdings in Dollar Tree were worth $1,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cary Street Partners Financial LLC lifted its position in shares of Dollar Tree by 6.4% in the fourth quarter. Cary Street Partners Financial LLC now owns 2,480 shares of the company’s stock valued at $305,000 after acquiring an additional 150 shares in the last quarter. Allstate Corp lifted its position in shares of Dollar Tree by 102.4% in the fourth quarter. Allstate Corp now owns 15,242 shares of the company’s stock valued at $1,875,000 after acquiring an additional 7,712 shares in the last quarter. Optimize Financial Inc lifted its position in shares of Dollar Tree by 1.4% in the fourth quarter. Optimize Financial Inc now owns 6,000 shares of the company’s stock valued at $738,000 after acquiring an additional 84 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Dollar Tree by 3.5% in the fourth quarter. Legal & General Group Plc now owns 1,298,911 shares of the company’s stock valued at $159,779,000 after acquiring an additional 44,164 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Dollar Tree by 156.2% in the fourth quarter. Hantz Financial Services Inc. now owns 1,404 shares of the company’s stock valued at $173,000 after acquiring an additional 856 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on DLTR. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 target price on shares of Dollar Tree in a research report on Tuesday, March 17th. Citigroup reduced their target price on Dollar Tree from $132.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Sanford C. Bernstein set a $115.00 target price on Dollar Tree in a research 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, Truist Financial reduced their target price on Dollar Tree from $156.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $120.00.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $93.70 on Wednesday. The firm has a market capitalization of $18.25 billion, a PE ratio of 14.99, a P/E/G ratio of 1.19 and a beta of 0.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29. The business has a 50-day moving average of $100.90 and a two-hundred day moving average of $113.99. Dollar Tree, Inc. has a 12 month low of $84.71 and a 12 month high of $142.40.

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

About Dollar Tree

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.