Prudential Financial Inc. Raises Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Prudential Financial Inc. increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 22.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 768,937 shares of the company’s stock after buying an additional 142,201 shares during the period. Prudential Financial Inc.’s holdings in Dollar Tree were worth $57,624,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DLTR. Empowered Funds LLC raised its holdings in shares of Dollar Tree by 14.4% in the 3rd quarter. Empowered Funds LLC now owns 3,453 shares of the company’s stock worth $243,000 after purchasing an additional 435 shares during the period. Quest Partners LLC increased its position in Dollar Tree by 28.3% in the third quarter. Quest Partners LLC now owns 2,006 shares of the company’s stock worth $141,000 after buying an additional 442 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Dollar Tree in the third quarter valued at $353,000. First Horizon Advisors Inc. lifted its position in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after buying an additional 284 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Dollar Tree by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock worth $88,141,000 after acquiring an additional 10,681 shares during the period. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 4.5 %

Shares of DLTR opened at $69.74 on Tuesday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $137.14. The company has a market capitalization of $14.99 billion, a P/E ratio of -14.62, a P/E/G ratio of 2.16 and a beta of 0.91. 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 firm’s 50 day simple moving average is $71.12 and its 200 day simple moving average is $70.13.

Wall Street Analyst Weigh In

DLTR has been the topic of several recent research reports. Guggenheim dropped their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. BMO Capital Markets upped their price target 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. Citigroup lifted their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Wells Fargo & Company lowered their target price on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Finally, Evercore ISI reduced their price target on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average target price of $84.26.

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.