Elo Mutual Pension Insurance Co Sells 4,080 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Elo Mutual Pension Insurance Co lessened its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 22.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,175 shares of the company’s stock after selling 4,080 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Dollar Tree were worth $1,062,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DLTR. Assetmark Inc. lifted its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust boosted its stake in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after acquiring an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Dollar Tree in the 4th quarter valued at $43,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Down 5.5 %

DLTR opened at $72.75 on Monday. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of -15.25, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $137.14. The company has a 50-day simple moving average of $71.17 and a 200 day simple moving average of $70.27.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 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 .7% on a year-over-year basis. During the same period last year, the company posted $2.55 EPS. Analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on DLTR. Truist Financial decreased their price objective on shares of Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Piper Sandler restated a “neutral” rating and set a $72.00 price objective (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. BMO Capital Markets increased their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. dropped their price target on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $83.42.

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.