Nordea Investment Management AB raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 27.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 256,206 shares of the company’s stock after buying an additional 55,197 shares during the quarter. Nordea Investment Management AB owned about 0.11% of Dollar Tree worth $23,140,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Executive Wealth Management LLC purchased a new stake in Dollar Tree in the fourth quarter worth approximately $26,000. Capital Investment Advisory Services LLC purchased a new stake in Dollar Tree in the fourth quarter worth approximately $31,000. Riverview Trust Co purchased a new stake in Dollar Tree in the fourth quarter worth approximately $32,000. Rehmann Capital Advisory Group boosted its stake in Dollar Tree by 131.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 382 shares of the company’s stock worth $35,000 after buying an additional 217 shares in the last quarter. Finally, Resources Investment Advisors Inc. boosted its stake in Dollar Tree by 92.5% in the fourth quarter. Resources Investment Advisors Inc. now owns 385 shares of the company’s stock worth $35,000 after buying an additional 185 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.
DLTR traded up $0.67 during trading on Friday, reaching $108.67. The stock had a trading volume of 1,625,531 shares, compared to its average volume of 1,983,132. The company has a current ratio of 2.05, a quick ratio of 0.36 and a debt-to-equity ratio of 0.76. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.12 and a beta of 0.43. Dollar Tree, Inc. has a one year low of $78.78 and a one year high of $109.05.
In other news, insider Robert H. Rudman sold 5,110 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $104.43, for a total value of $533,637.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert H. Rudman sold 4,210 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $101.86, for a total value of $428,830.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,947 shares of company stock worth $3,480,102. Insiders own 1.50% of the company’s stock.
Several analysts have issued reports on DLTR shares. ValuEngine lowered Dollar Tree from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. BidaskClub raised Dollar Tree from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 4th. Gordon Haskett upgraded Dollar Tree from a “hold” rating to an “accumulate” rating and set a $110.00 price objective for the company in a research report on Monday, January 7th. Buckingham Research upgraded Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 8th. Finally, FIX downgraded Dollar Tree from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 10th. Thirteen research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Dollar Tree presently has a consensus rating of “Buy” and a consensus price target of $101.37.
Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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