Kera Capital Partners Inc. Takes $227,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Kera Capital Partners Inc. bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, HoldingsChannel reports. The fund bought 3,034 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new position in shares of Dollar Tree in the 4th quarter worth about $30,000. Eastern Bank purchased a new position in Dollar Tree in the third quarter valued at approximately $34,000. First Horizon Advisors Inc. lifted its position in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after buying an additional 554 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Dollar Tree in the third quarter worth $48,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

DLTR has been the topic of several recent research reports. Telsey Advisory Group restated a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a report on Friday, December 20th. Loop Capital upped their target price on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research 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. Melius Research initiated coverage on Dollar Tree in a report on Monday, September 23rd. They issued a “hold” rating and a $70.00 price target for the company. Finally, Jefferies Financial Group lifted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree Stock Performance

Dollar Tree stock opened at $72.07 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The company has a fifty day moving average price of $70.81 and a two-hundred day moving average price of $79.01. The company has a market cap of $15.49 billion, a PE ratio of -15.11, a P/E/G ratio of 2.32 and a beta of 0.90.

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

About Dollar Tree

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.