Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,244 shares of the company’s stock after purchasing an additional 4,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Dollar Tree were worth $2,416,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DLTR. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree during the fourth quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the last quarter. First Horizon Advisors Inc. raised its stake 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 last quarter. Sunbelt Securities Inc. raised its stake in shares of Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after purchasing an additional 554 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Dollar Tree during the third quarter worth approximately $48,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DLTR. Guggenheim cut their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Loop Capital upped their price objective on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. BMO Capital Markets upped their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Evercore ISI dropped their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group upped their price objective 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.58.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $74.14 on Thursday. The business’s 50-day moving average price is $73.46 and its 200 day moving average price is $73.22. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a market capitalization of $15.94 billion, a PE ratio of -15.54, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $7.45 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts predict 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.