E. Ohman J or Asset Management AB Boosts Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

E. Ohman J or Asset Management AB boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 24.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,700 shares of the company’s stock after acquiring an additional 2,100 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Dollar Tree were worth $802,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DLTR. Equity Investment Corp lifted its holdings in shares of 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 buying an additional 746,913 shares during the period. Canoe Financial LP purchased a new stake in shares of Dollar Tree during the 3rd quarter worth $46,576,000. State Street Corp lifted its stake 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 purchasing an additional 596,191 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Dollar Tree by 238.7% during 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 during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of Dollar Tree by 45.9% during 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 during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $74.23 on Thursday. The company has a market capitalization of $15.96 billion, a P/E ratio of -15.56, a P/E/G ratio of 2.34 and a beta of 0.89. The business’s 50 day moving average is $72.72 and its two-hundred day moving average is $76.08. 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.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter last year, the business posted $0.97 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Citigroup upped their target price on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Loop Capital upped their target price on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Evercore ISI reduced their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Finally, Sanford C. Bernstein initiated coverage on Dollar Tree in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price objective on the stock. Seventeen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.58.

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.