Jefferies Financial Group Inc. Takes $1.98 Million Position in Dollar Tree, Inc. $DLTR

Jefferies Financial Group Inc. bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 16,117 shares of the company’s stock, valued at approximately $1,983,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in shares of Dollar Tree in the fourth quarter valued at approximately $25,000. Covestor Ltd lifted its position in shares of Dollar Tree by 60.9% in the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock valued at $27,000 after acquiring an additional 84 shares in the last quarter. YANKCOM Partnership purchased a new position in shares of Dollar Tree in the fourth quarter valued at approximately $31,000. Elyxium Wealth LLC purchased a new position in shares of Dollar Tree in the fourth quarter valued at approximately $34,000. Finally, Leonteq Securities AG purchased a new position in shares of Dollar Tree in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $95.87 on Thursday. Dollar Tree, Inc. has a one year low of $84.71 and a one year high of $142.40. The company has a market cap of $18.67 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.18 and a beta of 0.61. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07. The business’s 50 day moving average price is $100.53 and its 200 day moving average price is $113.95.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Monday, March 16th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.46 billion. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 earnings per share. On average, research analysts predict that Dollar Tree, Inc. will post 6.73 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DLTR shares. Piper Sandler decreased their target price on Dollar Tree from $116.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday. Bank of America lifted their price objective on Dollar Tree from $85.00 to $89.00 and gave the stock an “underperform” rating in a research report on Monday, March 16th. UBS Group reduced their price objective on Dollar Tree from $138.00 to $132.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Jefferies Financial Group lifted their price objective on Dollar Tree from $75.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 17th. Finally, Truist Financial reduced their price objective on Dollar Tree from $142.00 to $107.00 and set a “buy” rating on the stock in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $118.33.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.