Sterling Capital Management LLC Acquires 4,174 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Sterling Capital Management LLC boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 51.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,231 shares of the company’s stock after buying an additional 4,174 shares during the period. Sterling Capital Management LLC’s holdings in Dollar Tree were worth $917,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DLTR. Pzena Investment Management LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $520,000. Empower Advisory Group LLC lifted its stake in Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock valued at $56,986,000 after buying an additional 100,676 shares during the period. Strategic Wealth Investment Group LLC bought a new position in Dollar Tree during the fourth quarter worth about $448,000. Intrepid Capital Management Inc. grew its position in shares of Dollar Tree by 103.6% during the 4th quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company’s stock worth $2,025,000 after buying an additional 13,751 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Dollar Tree in the 4th quarter valued at about $2,173,000. 97.40% of the stock is owned by institutional investors.

Dollar Tree Price Performance

Shares of DLTR opened at $71.80 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $70.79 and its 200 day simple moving average is $70.31. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $125.72. The company has a market cap of $15.44 billion, a price-to-earnings ratio of -15.05, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share 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 firm had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the firm earned $2.55 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on DLTR. Evercore ISI lifted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research note on Thursday, March 27th. Truist Financial set a $84.00 price target on shares of Dollar Tree in a report on Thursday, March 27th. Loop Capital reaffirmed a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Guggenheim decreased their target price on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, Wells Fargo & Company raised their price target on Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and a consensus target price of $81.84.

Insider Buying and Selling

In related news, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now owns 1,377 shares of the company’s stock, valued at approximately $103,275. This represents a 103.70 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is owned by insiders.

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.