St. Louis Financial Planners Asset Management LLC Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

St. Louis Financial Planners Asset Management LLC purchased a new position in 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. The fund purchased 17,288 shares of the company’s stock, valued at approximately $1,296,000. Dollar Tree accounts for approximately 0.9% of St. Louis Financial Planners Asset Management LLC’s investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in shares of Dollar Tree in the 4th quarter worth about $30,000. Eastern Bank acquired a new stake in Dollar Tree during the third quarter worth approximately $34,000. First Horizon Advisors Inc. increased its holdings in Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 554 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Dollar Tree during the 3rd quarter worth approximately $48,000. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $70.34 on Thursday. The business’s fifty day simple moving average is $70.29 and its 200 day simple moving average is $79.57. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The firm has a market capitalization of $15.12 billion, a P/E ratio of -14.75, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. 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 firm earned $0.97 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a research report on Friday, December 20th. Loop Capital upped their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. BMO Capital Markets raised their target price on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Jefferies Financial Group upped their price target on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Redburn Atlantic raised Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Seventeen equities research 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, Dollar Tree currently has a consensus rating of “Hold” and an average 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.