Oppenheimer Asset Management Inc. Decreases Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Oppenheimer Asset Management Inc. decreased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 45.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,304 shares of the company’s stock after selling 42,624 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Dollar Tree were worth $3,770,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators boosted its position in shares of Dollar Tree by 20.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock valued at $68,000 after acquiring an additional 157 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock valued at $254,000 after purchasing an additional 180 shares in the last quarter. Alan B Lancz & Associates Inc. lifted its position in Dollar Tree by 6.6% during the third quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock valued at $229,000 after purchasing an additional 200 shares during the last quarter. AM Squared Ltd grew its stake in shares of Dollar Tree by 12.5% in the 3rd quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock worth $127,000 after buying an additional 200 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $72.86 on Friday. 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 fifty day moving average price is $73.54 and its 200-day moving average price is $72.94. The firm has a market cap of $15.66 billion, a P/E ratio of -15.27, a P/E/G 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.

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

Analyst Ratings Changes

A number of brokerages recently commented on DLTR. BMO Capital Markets increased their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price objective on shares of Dollar Tree in a research note on Friday, December 20th. Jefferies Financial Group boosted their target price on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Truist Financial raised their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Evercore ISI dropped their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.