Stifel Financial Corp Has $8.27 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Stifel Financial Corp increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,648 shares of the company’s stock after purchasing an additional 21,985 shares during the period. Stifel Financial Corp owned approximately 0.05% of Dollar Tree worth $8,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree in the second quarter valued at about $26,000. Eastern Bank acquired a new position in shares of Dollar Tree during the 3rd quarter worth approximately $34,000. First Horizon Advisors Inc. increased its holdings in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares during the period. Blue Trust Inc. raised its position in shares of Dollar Tree by 174.5% in the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 274 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Dollar Tree in the third quarter valued at approximately $48,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several analyst reports. Wells Fargo & Company cut their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Piper Sandler reiterated a “neutral” rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Morgan Stanley dropped their target price on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their price target on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Loop Capital increased 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.58.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $70.83 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. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a 50 day simple moving average of $67.67 and a two-hundred day simple moving average of $86.09. The company has a market capitalization of $15.23 billion, a PE ratio of -14.85, a P/E/G ratio of 2.29 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $7.57 billion during 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%. Dollar Tree’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. Research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share 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.