188,000 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 188,000 shares of the company’s stock, valued at approximately $14,089,000.

A number of other large investors also recently added to or reduced their stakes in DLTR. Equity Investment Corp lifted its holdings in Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after purchasing an additional 746,913 shares in the last quarter. Canoe Financial LP purchased a new position in Dollar Tree in the 3rd quarter worth approximately $46,576,000. State Street Corp lifted its holdings in Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after purchasing an additional 596,191 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Dollar Tree by 238.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 693,950 shares of the company’s stock worth $48,799,000 after purchasing an additional 489,074 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings 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 worth $95,994,000 after purchasing an additional 425,245 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of research analyst reports. Evercore ISI lowered their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Jefferies Financial Group lifted their price objective on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. BMO Capital Markets lifted their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Truist Financial lifted their price objective on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Loop Capital lifted their price objective on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Price Performance

DLTR opened at $76.29 on Friday. The business has a fifty day moving average of $73.04 and a 200 day moving average of $73.94. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a market cap of $16.40 billion, a P/E ratio of -15.99, a PEG ratio of 2.11 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same period in the prior year, the business earned $0.97 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree Company Profile

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.