Kestra Advisory Services LLC Has $1.46 Million Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Kestra Advisory Services LLC boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,719 shares of the company’s stock after buying an additional 1,847 shares during the quarter. Kestra Advisory Services LLC’s holdings in Dollar Tree were worth $1,459,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ellevest Inc. increased its position in Dollar Tree by 452.8% during the second quarter. Ellevest Inc. now owns 199 shares of the company’s stock worth $31,000 after buying an additional 163 shares during the last quarter. TCI Wealth Advisors Inc. increased its position in Dollar Tree by 68.6% during the second quarter. TCI Wealth Advisors Inc. now owns 231 shares of the company’s stock worth $36,000 after buying an additional 94 shares during the last quarter. Trust Co. of Vermont acquired a new position in Dollar Tree during the second quarter worth approximately $40,000. Creative Financial Designs Inc. ADV increased its position in Dollar Tree by 300.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 400 shares of the company’s stock worth $62,000 after buying an additional 300 shares during the last quarter. Finally, Covestor Ltd increased its position in Dollar Tree by 75.5% during the first quarter. Covestor Ltd now owns 402 shares of the company’s stock worth $64,000 after buying an additional 173 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

Dollar Tree Stock Up 2.2 %

Shares of NASDAQ:DLTR opened at $150.99 on Tuesday. The company has a fifty day moving average of $147.17 and a 200-day moving average of $150.91. The company has a market capitalization of $33.81 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.37 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.17 and a current ratio of 1.38. Dollar Tree, Inc. has a 52-week low of $123.62 and a 52-week high of $177.19.

Dollar Tree (NASDAQ:DLTRGet Rating) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. The company had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $6.84 billion. Dollar Tree had a net margin of 5.84% and a return on equity of 19.82%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. On average, equities analysts predict that Dollar Tree, Inc. will post 7.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DLTR. OTR Global upgraded Dollar Tree from a “mixed” rating to a “positive” rating in a report on Wednesday, November 16th. TheStreet upgraded Dollar Tree from a “c+” rating to a “b-” rating in a report on Monday, October 31st. JPMorgan Chase & Co. reduced their price objective on Dollar Tree from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, January 19th. Credit Suisse Group began coverage on Dollar Tree in a report on Monday, December 19th. They set a “neutral” rating and a $150.00 price objective for the company. Finally, Truist Financial set a $170.00 price target on Dollar Tree in a research note on Thursday, November 24th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $171.13.

About Dollar Tree

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Dollar Tree, Inc owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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