Lbp Am Sa Raises Stake in Dollar Tree, Inc. $DLTR

Lbp Am Sa boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 8.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,679 shares of the company’s stock after acquiring an additional 6,458 shares during the period. Lbp Am Sa’s holdings in Dollar Tree were worth $10,662,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DLTR. Sage Mountain Advisors LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at $364,000. BSW Wealth Partners acquired a new position in shares of Dollar Tree during the fourth quarter worth $221,000. Patton Fund Management Inc. increased its holdings in Dollar Tree by 2,486.7% in the fourth quarter. Patton Fund Management Inc. now owns 70,694 shares of the company’s stock valued at $8,696,000 after buying an additional 67,961 shares during the last quarter. Burney Co. raised its stake in Dollar Tree by 3.0% in the fourth quarter. Burney Co. now owns 7,518 shares of the company’s stock valued at $925,000 after buying an additional 221 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in Dollar Tree by 67.9% in the fourth quarter. Ritholtz Wealth Management now owns 7,818 shares of the company’s stock valued at $962,000 after buying an additional 3,161 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DLTR has been the subject of several analyst reports. Bank of America upped their price objective on Dollar Tree from $85.00 to $89.00 and gave the stock an “underperform” rating in a research report on Monday, March 16th. Jefferies Financial Group raised their target price on Dollar Tree from $75.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 17th. Weiss Ratings upgraded Dollar Tree from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday. Guggenheim reaffirmed a “buy” rating and issued a $130.00 price target on shares of Dollar Tree in a report on Tuesday, March 17th. Finally, Wells Fargo & Company increased their price target on shares of Dollar Tree from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $123.24.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $99.93 on Friday. The stock’s 50-day moving average is $114.99 and its two-hundred day moving average is $113.70. The firm has a market cap of $19.72 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 1.27 and a beta of 0.74. Dollar Tree, Inc. has a 1 year low of $73.57 and a 1 year high of $142.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Monday, March 16th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.03. The business had revenue of $5.45 billion during 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%.The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.11 EPS. Analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.