Poplar Forest Capital LLC Sells 48,175 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Poplar Forest Capital LLC cut its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 21.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,616 shares of the company’s stock after selling 48,175 shares during the quarter. Dollar Tree comprises about 2.4% of Poplar Forest Capital LLC’s portfolio, making the stock its 22nd biggest holding. Poplar Forest Capital LLC owned approximately 0.08% of Dollar Tree worth $13,011,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in Dollar Tree in the 4th quarter valued at $30,000. Parkside Financial Bank & Trust boosted its stake in Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after purchasing an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares during the period. First Horizon Advisors Inc. boosted its stake in Dollar Tree by 105.6% in the 3rd 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 period. Finally, Sunbelt Securities Inc. boosted its stake in Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after purchasing an additional 554 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on DLTR. Jefferies Financial Group lifted their price objective on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. BMO Capital Markets lifted their price objective on Dollar Tree from $65.00 to $70.00 and gave the company 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 for the company in a report on Tuesday, December 3rd. Truist Financial lifted their price objective on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Seventeen research 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 has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree Trading Down 0.4 %

NASDAQ DLTR opened at $72.86 on Friday. The business’s 50-day moving average price is $73.54 and its two-hundred day moving average price is $73.07. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The firm has a market capitalization of $15.66 billion, a PE ratio of -15.27, 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 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 analyst estimates of $7.45 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, analysts expect that Dollar Tree, Inc. will post 5.39 EPS 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.