Handelsbanken Fonder AB Purchases 112,875 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Handelsbanken Fonder AB raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 177.8% in the fourth quarter, Holdings Channel reports. The fund owned 176,353 shares of the company’s stock after buying an additional 112,875 shares during the quarter. Handelsbanken Fonder AB’s holdings in Dollar Tree were worth $13,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DLTR. Equity Investment Corp raised its position in shares of Dollar Tree by 95.9% during 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 last quarter. Canoe Financial LP acquired a new position in shares of Dollar Tree during the third quarter valued at about $46,576,000. State Street Corp raised its position in shares of Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after buying an additional 596,191 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Dollar Tree by 238.7% during the third quarter. Assenagon Asset Management S.A. now owns 693,950 shares of the company’s stock valued at $48,799,000 after buying an additional 489,074 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Dollar Tree by 45.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock valued at $95,994,000 after buying an additional 425,245 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Price Performance

DLTR opened at $74.96 on Friday. 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 company’s 50 day simple moving average is $73.14 and its 200-day simple moving average is $73.79. The stock has a market capitalization of $16.12 billion, a P/E ratio of -15.71, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results 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 analysts’ expectations of $7.45 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. Dollar Tree’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DLTR shares. Citigroup upped their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Evercore ISI cut their price objective on shares of 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. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. BMO Capital Markets increased their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and an average target price of $85.58.

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.