Sequoia Financial Advisors LLC Acquires New Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Sequoia Financial Advisors LLC bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,071 shares of the company’s stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its stake in Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after buying an additional 596,191 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in shares of Dollar Tree by 45.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock worth $95,994,000 after acquiring an additional 425,245 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Dollar Tree during the fourth quarter worth about $24,922,000. Forest Avenue Capital Management LP bought a new position in shares of Dollar Tree during the 3rd quarter valued at about $19,591,000. Finally, Scopia Capital Management LP acquired a new position in shares of Dollar Tree in the 3rd quarter valued at approximately $16,151,000. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a research note on Thursday, March 6th. Evercore ISI cut their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Truist Financial increased their target price on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group increased 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. Sixteen equities 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, Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Stock Performance

DLTR opened at $64.98 on Wednesday. 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 12-month low of $60.49 and a 12-month high of $137.14. The business has a 50 day moving average of $71.57 and a 200-day moving average of $70.36. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of -13.62, a PEG ratio of 2.16 and a beta of 0.91.

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.