Sequoia Financial Advisors LLC Purchases Shares of 5,071 Dollar Tree, Inc. (NASDAQ:DLTR)

Sequoia Financial Advisors LLC acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,071 shares of the company’s stock, valued at approximately $380,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares during the period. Versant Capital Management Inc acquired a new stake in shares of Dollar Tree during the fourth quarter worth $30,000. Parkside Financial Bank & Trust boosted its position in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after acquiring an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 210 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Down 1.2 %

Shares of DLTR stock opened at $64.98 on Wednesday. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $137.14. The stock’s fifty day simple moving average is $71.57 and its 200 day simple moving average is $70.36. 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 firm has a market capitalization of $13.97 billion, a P/E ratio of -13.62, a P/E/G ratio of 2.16 and a beta of 0.91.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of recent research reports. Guggenheim cut their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Wells Fargo & Company dropped their price objective on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Piper Sandler reiterated a “neutral” rating and set a $72.00 target price (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Finally, Loop Capital raised their price target on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.79.

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.