Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,175 shares of the company’s stock after purchasing an additional 2,786 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Dollar Tree were worth $6,308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLTR. Assetmark Inc. grew its position in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after buying an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new position in Dollar Tree during the 4th quarter valued at $30,000. Parkside Financial Bank & Trust grew its holdings in 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 in the last quarter. MassMutual Private Wealth & Trust FSB increased 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 purchasing an additional 210 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake 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 valued at $39,000 after purchasing an additional 284 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Truist Financial lifted their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI dropped their price target on 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. Piper Sandler reaffirmed a “neutral” rating and issued a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. BMO Capital Markets increased their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a report on Thursday, March 6th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Dollar Tree has a consensus rating of “Hold” and an average target price of $84.26.

Dollar Tree Stock Performance

DLTR stock opened at $66.75 on Monday. The company has a 50-day simple moving average of $71.15 and a 200 day simple moving average of $70.12. The company has a market capitalization of $14.35 billion, a P/E ratio of -13.99, a PEG ratio of 2.16 and a beta of 0.91. 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 fifty-two week low of $60.49 and a fifty-two week high of $137.14.

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.