Edgestream Partners L.P. Acquires Shares of 18,652 Dollar Tree, Inc. (NASDAQ:DLTR)

Edgestream Partners L.P. purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,652 shares of the company’s stock, valued at approximately $1,398,000.

Several other institutional investors have also modified their holdings of DLTR. Assetmark Inc. raised its holdings in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after acquiring an additional 149 shares during the period. Versant Capital Management Inc purchased a new position in shares of Dollar Tree during the 4th quarter worth $30,000. Parkside Financial Bank & Trust raised its holdings in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after acquiring an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

DLTR has been the topic of several analyst reports. Truist Financial lifted their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Jefferies Financial Group raised their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Guggenheim cut their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, December 6th. Piper Sandler reissued a “neutral” rating and set a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Finally, BMO Capital Markets raised their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $84.79.

Dollar Tree Price Performance

DLTR stock opened at $67.44 on Tuesday. The business has a 50 day moving average price of $72.82 and a 200 day moving average price of $71.51. The stock has a market cap of $14.50 billion, a price-to-earnings ratio of -14.14, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $150.74. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

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.