Dollar Tree, Inc. $DLTR Shares Purchased by Lbp Am Sa

Lbp Am Sa increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 8.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 86,679 shares of the company’s stock after purchasing an additional 6,458 shares during the period. Lbp Am Sa’s holdings in Dollar Tree were worth $10,662,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. raised its position in Dollar Tree by 2.9% in the third quarter. EdgePoint Investment Group Inc. now owns 11,138,183 shares of the company’s stock valued at $1,051,110,000 after purchasing an additional 312,382 shares during the period. State Street Corp boosted its position in shares of Dollar Tree by 3.5% during the third quarter. State Street Corp now owns 9,421,856 shares of the company’s stock worth $889,141,000 after buying an additional 319,938 shares during the period. Primecap Management Co. CA boosted its position in shares of Dollar Tree by 6.8% during the third quarter. Primecap Management Co. CA now owns 4,194,049 shares of the company’s stock worth $395,792,000 after buying an additional 268,539 shares during the period. Alliancebernstein L.P. grew its stake in shares of Dollar Tree by 4.8% in the third quarter. Alliancebernstein L.P. now owns 3,926,586 shares of the company’s stock valued at $370,552,000 after buying an additional 180,364 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Dollar Tree by 6.6% in the third quarter. Invesco Ltd. now owns 2,679,797 shares of the company’s stock valued at $252,892,000 after buying an additional 165,732 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DLTR shares. BMO Capital Markets reissued an “underperform” rating on shares of Dollar Tree in a research note on Tuesday, March 17th. BTIG Research reaffirmed a “neutral” rating on shares of Dollar Tree in a research report on Monday, March 9th. Sanford C. Bernstein boosted their price target on shares of Dollar Tree from $123.00 to $124.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 17th. Barclays reissued an “overweight” rating on shares of Dollar Tree in a research report on Monday, March 16th. Finally, Citigroup lowered their price objective on shares of Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.24.

Dollar Tree Trading Down 1.4%

NASDAQ:DLTR opened at $99.93 on Friday. Dollar Tree, Inc. has a 12-month low of $73.57 and a 12-month high of $142.40. The firm has a market cap of $19.72 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.27 and a beta of 0.74. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average price of $114.99 and a 200 day moving average price of $113.70.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Monday, March 16th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.03. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.46 billion. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.Dollar Tree’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.11 EPS. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree Profile

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.