VCI Wealth Management LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,836 shares of the company’s stock, valued at approximately $858,000.
Several other institutional investors have also recently made changes to their positions in DLTR. Alliancebernstein L.P. raised its position in Dollar Tree by 176.9% in the second quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock valued at $371,026,000 after purchasing an additional 2,393,172 shares during the period. Norges Bank purchased a new position in shares of Dollar Tree during the 4th quarter worth $260,858,000. AQR Capital Management LLC increased its position in shares of Dollar Tree by 906.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,275,363 shares of the company’s stock worth $124,973,000 after purchasing an additional 1,148,649 shares during the last quarter. Bank of Montreal Can increased its position in shares of Dollar Tree by 663.5% during the 4th quarter. Bank of Montreal Can now owns 1,296,289 shares of the company’s stock worth $159,457,000 after purchasing an additional 1,126,505 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in Dollar Tree by 1,475.5% in the 3rd quarter. Schroder Investment Management Group now owns 965,895 shares of the company’s stock valued at $91,152,000 after buying an additional 904,589 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.
Dollar Tree Trading Up 4.8%
NASDAQ DLTR opened at $123.87 on Friday. The firm has a market cap of $23.81 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.35 and a beta of 0.66. Dollar Tree, Inc. has a one year low of $84.71 and a one year high of $142.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.39 and a current ratio of 1.16. The firm has a 50 day simple moving average of $103.46 and a 200-day simple moving average of $114.82.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Wall Street Zen raised shares of Dollar Tree from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. BNP Paribas Exane boosted their price target on shares of Dollar Tree from $88.00 to $98.00 and gave the company an “underperform” rating in a research note on Friday, May 29th. Bank of America reiterated an “underperform” rating on shares of Dollar Tree in a report on Thursday, May 28th. Morgan Stanley boosted their target price on Dollar Tree from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Finally, Barclays decreased their price target on Dollar Tree from $149.00 to $131.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus price target of $119.48.
Get Our Latest Research Report on DLTR
About Dollar Tree
Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.
Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.
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