Pzena Investment Management LLC Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Pzena Investment Management LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, Holdings Channel.com reports. The firm purchased 6,939 shares of the company’s stock, valued at approximately $520,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its position in shares of Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after acquiring an additional 596,191 shares during the last quarter. EdgePoint Investment Group Inc. boosted its stake in Dollar Tree by 0.5% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock valued at $487,987,000 after purchasing an additional 35,862 shares during the period. Primecap Management Co. CA grew its position in Dollar Tree by 5.5% in the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock worth $213,129,000 after purchasing an additional 158,385 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Dollar Tree by 9.8% in the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock valued at $129,724,000 after purchasing an additional 165,398 shares during the period. Finally, Equity Investment Corp raised its holdings in shares of Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised their price target on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price objective on shares of Dollar Tree in a report on Thursday, March 6th. Finally, Evercore ISI lowered their target price on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Trading Down 2.6 %

Dollar Tree stock opened at $65.69 on Wednesday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $150.74. The firm’s 50 day moving average price is $72.63 and its two-hundred day moving average price is $71.29. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of -13.77, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

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.