Signal Advisors Wealth LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,345 shares of the company’s stock, valued at approximately $914,000.
Other large investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in Dollar Tree in the fourth quarter valued at $25,000. Reflection Asset Management acquired a new position in shares of Dollar Tree during the 4th quarter worth about $25,000. Covestor Ltd boosted its position in shares of Dollar Tree by 60.9% during the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $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 4th quarter valued at about $31,000. Finally, DV Equities LLC purchased a new position in shares of Dollar Tree in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.
Dollar Tree Stock Down 0.5%
Dollar Tree stock opened at $113.41 on Wednesday. Dollar Tree, Inc. has a fifty-two week low of $84.71 and a fifty-two week high of $142.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.39 and a current ratio of 1.16. The company has a market capitalization of $21.80 billion, a P/E ratio of 17.72, a PEG ratio of 1.30 and a beta of 0.66. The stock has a 50-day simple moving average of $102.31 and a 200-day simple moving average of $114.76.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on DLTR shares. Wall Street Zen raised Dollar Tree from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Evercore set a $140.00 price target on Dollar Tree in a report on Monday, May 18th. UBS Group set a $124.00 price target on shares of Dollar Tree in a research note on Thursday, May 28th. Weiss Ratings raised shares of Dollar Tree from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Citigroup reduced their price objective on shares of Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and an average target price of $119.48.
Read Our Latest Report on DLTR
About Dollar Tree
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.
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