B. Metzler seel. Sohn & Co. AG Has $661,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

B. Metzler seel. Sohn & Co. AG boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 75.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,825 shares of the company’s stock after buying an additional 3,805 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Dollar Tree were worth $661,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DLTR. Investment Management Corp of Ontario lifted its stake in shares of Dollar Tree by 42.4% during the third quarter. Investment Management Corp of Ontario now owns 6,719 shares of the company’s stock valued at $472,000 after acquiring an additional 2,000 shares during the period. Quadrature Capital Ltd lifted its position in Dollar Tree by 831.1% during the 3rd quarter. Quadrature Capital Ltd now owns 69,499 shares of the company’s stock valued at $4,887,000 after purchasing an additional 62,035 shares during the period. Stifel Financial Corp boosted its stake in shares of Dollar Tree by 23.0% in the 3rd quarter. Stifel Financial Corp now owns 117,648 shares of the company’s stock valued at $8,273,000 after purchasing an additional 21,985 shares during the last quarter. State Street Corp grew its position in shares of Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after buying an additional 596,191 shares during the period. Finally, Wahed Invest LLC raised its stake in shares of Dollar Tree by 10.2% during the third quarter. Wahed Invest LLC now owns 4,908 shares of the company’s stock worth $345,000 after buying an additional 455 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DLTR shares. Evercore ISI lifted their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a report on Thursday, March 27th. Wells Fargo & Company upped their price objective on Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday. Guggenheim reduced their target price on Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Truist Financial set a $84.00 price target on Dollar Tree in a research note on Thursday, March 27th. Finally, Telsey Advisory Group boosted their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday, March 27th. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $81.00.

Insider Activity

In related news, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the transaction, the director now owns 1,377 shares of the company’s stock, valued at approximately $103,275. This trade represents a 103.70 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.80% of the stock is owned by corporate insiders.

Dollar Tree Stock Up 0.5 %

Shares of Dollar Tree stock opened at $67.55 on Friday. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $131.52. 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 business’s 50 day simple moving average is $71.19 and its 200 day simple moving average is $70.36. The firm has a market cap of $14.53 billion, a PE ratio of -14.16, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the company posted $2.55 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree 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.