Glenview Trust co Reduces Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Glenview Trust co lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 81.9% in the fourth quarter, HoldingsChannel reports. The firm owned 4,564 shares of the company’s stock after selling 20,647 shares during the period. Glenview Trust co’s holdings in Dollar Tree were worth $342,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DLTR. Madison Investment Advisors LLC acquired a new stake in Dollar Tree in the fourth quarter valued at approximately $113,315,000. Equity Investment Corp grew its position in shares of Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after acquiring an additional 746,913 shares during the last quarter. State Street Corp grew its position in Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after buying an additional 596,191 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Dollar Tree by 45.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock valued at $95,994,000 after buying an additional 425,245 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in Dollar Tree by 111.0% in the 4th quarter. Natixis Advisors LLC now owns 650,493 shares of the company’s stock valued at $48,748,000 after buying an additional 342,196 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

DLTR has been the subject of a number of recent analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a report on Thursday, March 6th. Citigroup boosted their target price on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Guggenheim cut their target price on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Loop Capital lifted their price target on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Piper Sandler reiterated a “neutral” rating and set a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Price Performance

Dollar Tree stock opened at $65.79 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm has a market cap of $14.14 billion, a P/E ratio of -13.79, a P/E/G ratio of 2.16 and a beta of 0.91. The business’s fifty day moving average is $71.77 and its two-hundred day moving average is $70.50. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 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.