State Street Corp Purchases 596,191 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

State Street Corp raised its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,427,910 shares of the company’s stock after purchasing an additional 596,191 shares during the quarter. State Street Corp owned 4.39% of Dollar Tree worth $662,971,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new position in Dollar Tree in the second quarter valued at about $26,000. Mather Group LLC. raised its position in Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares during the last quarter. Eastern Bank bought a new position in Dollar Tree in the third quarter valued at about $34,000. First Horizon Advisors Inc. raised its position in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 274 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Loop Capital raised their price objective on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday. Evercore ISI lowered their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Melius Research started coverage on Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective for the company. Finally, Jefferies Financial Group lifted their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Seventeen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $85.58.

Dollar Tree Stock Down 1.0 %

Shares of NASDAQ DLTR opened at $71.87 on Monday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $151.21. 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 business’s fifty day moving average price is $67.55 and its 200-day moving average price is $86.79. The stock has a market capitalization of $15.45 billion, a PE ratio of -15.07, a P/E/G ratio of 2.92 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.37 EPS for the current year.

About Dollar Tree

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.