Proficio Capital Partners LLC Invests $4.71 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

Proficio Capital Partners LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,800 shares of the company’s stock, valued at approximately $4,706,000.

Other hedge funds have also made changes to their positions in the company. Checchi Capital Advisers LLC lifted its holdings in shares of Dollar Tree by 5.6% in 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. Lake Street Advisors Group LLC purchased a new stake in Dollar Tree in the 4th quarter worth about $213,000. Illinois Municipal Retirement Fund boosted its position in Dollar Tree by 12.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 108,910 shares of the company’s stock worth $8,162,000 after acquiring an additional 11,832 shares during the period. South Dakota Investment Council boosted its position in Dollar Tree by 22.9% during the 4th quarter. South Dakota Investment Council now owns 30,342 shares of the company’s stock worth $2,274,000 after acquiring an additional 5,650 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Dollar Tree by 17.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 32,244 shares of the company’s stock valued at $2,416,000 after acquiring an additional 4,800 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Down 5.6 %

Dollar Tree stock opened at $68.77 on Tuesday. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm has a market capitalization of $14.78 billion, a PE ratio of -14.42, a PEG ratio of 2.16 and a beta of 0.89. The business’s 50-day simple moving average is $73.44 and its 200-day simple moving average is $72.60.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping 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 company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the previous year, the business posted $0.97 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DLTR. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a research report on Friday, December 20th. BMO Capital Markets lifted their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. KeyCorp downgraded shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Citigroup boosted their target price on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and a consensus 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.