NEOS Investment Management LLC Reduces Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

NEOS Investment Management LLC cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 47.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,892 shares of the company’s stock after selling 9,921 shares during the quarter. NEOS Investment Management LLC’s holdings in Dollar Tree were worth $816,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in 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 worth $26,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new stake in Dollar Tree during the fourth quarter valued at $30,000. Parkside Financial Bank & Trust boosted its stake in Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Dollar Tree in the 4th quarter worth about $43,000. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DLTR has been the subject of several recent analyst reports. Citigroup boosted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Evercore ISI boosted their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research note on Thursday. Truist Financial lowered their price objective on shares of Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. UBS Group cut their target price on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Guggenheim lowered their price target on Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $83.42.

Dollar Tree Stock Down 5.5 %

Shares of NASDAQ DLTR opened at $72.75 on Monday. The firm’s fifty day moving average is $71.17 and its 200 day moving average is $70.27. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $137.14. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a market cap of $15.65 billion, a price-to-earnings ratio of -15.25, a PEG ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate 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 negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $2.55 earnings per share. On average, equities research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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.