69,943 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 69,943 shares of the company’s stock, valued at approximately $5,242,000.

Several other hedge funds have also recently added to or reduced their stakes in DLTR. Assetmark Inc. lifted its position in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Dollar Tree during the fourth quarter worth $30,000. Parkside Financial Bank & Trust lifted its holdings in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after purchasing an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Dollar Tree by 105.6% in the 3rd 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. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Down 3.7 %

Shares of Dollar Tree stock opened at $67.14 on Wednesday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $137.14. The stock has a market capitalization of $14.43 billion, a P/E ratio of -14.08, a PEG ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $71.06 and a two-hundred day moving average price of $70.13.

Wall Street Analyst Weigh In

A number of analysts have commented on DLTR shares. Citigroup upped 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. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Jefferies Financial Group lifted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Evercore ISI reduced their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company lowered their price target on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $83.89.

About Dollar Tree

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.