Hartford Investment Management Co. Sells 242 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Hartford Investment Management Co. decreased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,439 shares of the company’s stock after selling 242 shares during the period. Hartford Investment Management Co.’s holdings in Dollar Tree were worth $932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DLTR. Stonebridge Financial Group LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at about $121,000. Entropy Technologies LP acquired a new stake in Dollar Tree in the 4th quarter valued at approximately $2,173,000. Empowered Funds LLC lifted its stake in Dollar Tree by 8.4% in the 4th quarter. Empowered Funds LLC now owns 3,744 shares of the company’s stock valued at $281,000 after acquiring an additional 291 shares in the last quarter. Lecap Asset Management Ltd. acquired a new position in Dollar Tree during the 4th quarter worth approximately $1,898,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Dollar Tree by 2.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,501 shares of the company’s stock worth $1,536,000 after acquiring an additional 474 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Down 0.6 %

DLTR stock opened at $71.56 on Friday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of -15.00, a PEG ratio of 2.11 and a beta of 0.89. The business’s fifty day moving average price is $72.82 and its two-hundred day moving average price is $74.94.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $7.45 billion. During the same quarter in the previous year, the company earned $0.97 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

DLTR has been the subject of several recent research reports. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Truist Financial upped their target price on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Citigroup raised their price target on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Piper Sandler reiterated a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.58.

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.