Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 17.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,244 shares of the company’s stock after purchasing an additional 4,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Dollar Tree were worth $2,416,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DLTR. Creative Planning raised its holdings in shares of Dollar Tree by 8.6% in the 3rd quarter. Creative Planning now owns 24,673 shares of the company’s stock worth $1,646,000 after purchasing an additional 1,959 shares during the period. Blue Trust Inc. raised its holdings in shares of Dollar Tree by 124.4% in the 3rd quarter. Blue Trust Inc. now owns 967 shares of the company’s stock worth $68,000 after purchasing an additional 536 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Dollar Tree in the 3rd quarter worth about $2,992,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Dollar Tree by 22.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,533 shares of the company’s stock worth $3,695,000 after purchasing an additional 9,098 shares during the period. Finally, China Universal Asset Management Co. Ltd. raised its holdings in shares of Dollar Tree by 107.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 2,726 shares of the company’s stock worth $192,000 after purchasing an additional 1,414 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 2.7 %

Shares of NASDAQ DLTR opened at $74.14 on Thursday. The company has a market cap of $15.94 billion, a price-to-earnings ratio of -15.54, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $73.46 and its 200 day simple moving average is $73.22.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Equities research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DLTR shares. Telsey Advisory Group reiterated a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. BMO Capital Markets raised their target price on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Citigroup raised their target price on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Truist Financial raised their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and an average price target of $85.58.

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.