Checchi Capital Advisers LLC Grows Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Checchi Capital Advisers LLC grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,390 shares of the company’s stock after purchasing an additional 180 shares during the period. Checchi Capital Advisers LLC’s holdings in Dollar Tree were worth $254,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake 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 purchasing an additional 596,191 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in Dollar Tree by 0.5% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock worth $487,987,000 after buying an additional 35,862 shares in the last quarter. Primecap Management Co. CA lifted its holdings in Dollar Tree by 5.5% in the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock worth $213,129,000 after buying an additional 158,385 shares in the last quarter. Janus Henderson Group PLC boosted its position in Dollar Tree by 9.8% in the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock valued at $129,724,000 after buying an additional 165,398 shares during the last quarter. Finally, Equity Investment Corp increased 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 worth $107,264,000 after acquiring an additional 746,913 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Down 1.3 %

DLTR stock opened at $73.16 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a market cap of $15.73 billion, a P/E ratio of -15.34, a PEG ratio of 2.16 and a beta of 0.89. The business has a fifty day moving average of $73.55 and a 200-day moving average of $73.22.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data 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. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. As a group, equities research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

DLTR has been the subject of several research analyst reports. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Piper Sandler reissued a “neutral” rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Evercore ISI dropped their target price 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. Guggenheim reduced their price target on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Finally, KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has an average rating of “Hold” and a consensus target price of $85.58.

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.