Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 23.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,600 shares of the company’s stock after selling 1,100 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Dollar Tree were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DLTR. Assetmark Inc. grew its stake 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 purchasing an additional 149 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree in the 4th quarter worth about $30,000. Parkside Financial Bank & Trust boosted its position in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on DLTR. Loop Capital boosted their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Truist Financial boosted their price objective on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Guggenheim decreased their price objective 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. BMO Capital Markets upped their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group upped their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus target price of $84.26.

Dollar Tree Stock Up 3.3 %

DLTR opened at $66.75 on Friday. The firm has a 50 day moving average price of $71.15 and a 200 day moving average price of $70.16. The company has a market cap of $14.35 billion, a PE ratio of -13.99, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $137.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

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.