LSV Asset Management Takes $3.33 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

LSV Asset Management acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,400 shares of the company’s stock, valued at approximately $3,327,000.

A number of other institutional investors have also recently bought and sold shares of DLTR. Vanguard Group Inc. boosted its position in shares of Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock worth $1,757,360,000 after purchasing an additional 163,368 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Dollar Tree by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company’s stock worth $381,964,000 after acquiring an additional 222,352 shares in the last quarter. Primecap Management Co. CA grew its stake in Dollar Tree by 31.3% in the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock valued at $298,143,000 after acquiring an additional 947,580 shares during the period. Norges Bank bought a new stake in shares of Dollar Tree in the fourth quarter worth about $171,149,000. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Dollar Tree during the fourth quarter worth about $113,315,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Activity at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III acquired 701 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DLTR. Citigroup upgraded Dollar Tree from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Truist Financial set a $84.00 price objective on shares of Dollar Tree in a report on Thursday, March 27th. JPMorgan Chase & Co. reduced their price objective on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. UBS Group cut their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Telsey Advisory Group raised their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $81.84.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $72.11 on Monday. The stock has a market cap of $15.51 billion, a PE ratio of -15.12, a P/E/G ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm has a 50-day moving average of $70.86 and a 200-day moving average of $70.29. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $128.00.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the business earned $2.55 earnings per share. The company’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree 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.