Kovitz Investment Group Partners LLC Grows Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Kovitz Investment Group Partners LLC lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 382.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,524,870 shares of the company’s stock after acquiring an additional 5,173,238 shares during the quarter. Dollar Tree accounts for approximately 1.6% of Kovitz Investment Group Partners LLC’s investment portfolio, making the stock its 21st biggest holding. Kovitz Investment Group Partners LLC owned approximately 3.03% of Dollar Tree worth $488,974,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Marshall Wace LLP boosted its position in Dollar Tree by 784.2% during the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company’s stock worth $328,040,000 after purchasing an additional 3,882,324 shares in the last quarter. Norges Bank purchased a new position in shares of Dollar Tree during the 4th quarter valued at approximately $171,149,000. Capital International Investors grew its stake in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock valued at $656,000,000 after acquiring an additional 2,023,819 shares during the period. Madison Investment Advisors LLC purchased a new stake in Dollar Tree in the 4th quarter worth $113,315,000. Finally, Primecap Management Co. CA raised its position in Dollar Tree by 31.3% during the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock worth $298,143,000 after acquiring an additional 947,580 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Evercore ISI boosted their target price 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. Bank of America cut their price objective on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating for the company in a research note on Tuesday, April 8th. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Citigroup upgraded Dollar Tree from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. Finally, Truist Financial set a $84.00 price objective on Dollar Tree in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $81.84.

Dollar Tree Price Performance

Shares of DLTR opened at $81.23 on Friday. The firm has a 50-day simple moving average of $71.84 and a two-hundred day simple moving average of $70.78. The stock has a market cap of $17.47 billion, a PE ratio of -17.03, a P/E/G ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $123.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results 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 negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the business posted $2.55 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts forecast 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.