Cibc Bank USA reduced its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,187 shares of the company’s stock after selling 586 shares during the quarter. Cibc Bank USA’s holdings in Dollar Tree were worth $558,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its stake in shares of Dollar Tree by 8,821.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,327,908 shares of the company’s stock valued at $26,000 after buying an additional 2,301,814 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $31,000. Evolution Wealth Advisors LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $43,000. Clean Yield Group acquired a new position in shares of Dollar Tree in the 4th quarter valued at $45,000. Finally, Parallel Advisors LLC raised its stake in shares of Dollar Tree by 20.8% in the 4th quarter. Parallel Advisors LLC now owns 598 shares of the company’s stock valued at $54,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 92.24% of the company’s stock.
DLTR opened at $98.08 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.48 and a current ratio of 2.22. Dollar Tree, Inc. has a twelve month low of $78.78 and a twelve month high of $109.57. The stock has a market capitalization of $23.30 billion, a PE ratio of 20.18, a PEG ratio of 1.23 and a beta of 0.46.
A number of brokerages have recently issued reports on DLTR. Citigroup increased their price objective on shares of Dollar Tree from $87.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, December 4th. Zacks Investment Research upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, December 5th. Wolfe Research began coverage on shares of Dollar Tree in a research note on Monday. They issued a “market perform” rating for the company. ValuEngine upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, BidaskClub upgraded shares of Dollar Tree from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the stock. Dollar Tree currently has a consensus rating of “Hold” and a consensus target price of $99.82.
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Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. 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 products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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