VMS Asset Management Limited bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 46,520 shares of the company’s stock, valued at approximately $5,722,000. Dollar Tree makes up about 2.2% of VMS Asset Management Limited’s portfolio, making the stock its 21st biggest position.
Several other hedge funds and other institutional investors have also bought and sold shares of DLTR. Alliancebernstein L.P. boosted its position in Dollar Tree by 176.9% during the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock valued at $371,026,000 after acquiring an additional 2,393,172 shares in the last quarter. Norges Bank bought a new stake in Dollar Tree during the 4th quarter valued at $260,858,000. Jupiter Asset Management Ltd. bought a new stake in Dollar Tree during the 3rd quarter valued at $118,811,000. AQR Capital Management LLC boosted its position in Dollar Tree by 906.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,275,363 shares of the company’s stock valued at $124,973,000 after acquiring an additional 1,148,649 shares in the last quarter. Finally, Mondrian Investment Partners LTD bought a new stake in Dollar Tree during the 3rd quarter valued at $102,550,000. Institutional investors own 97.40% of the company’s stock.
Dollar Tree Stock Down 2.9%
Dollar Tree stock opened at $109.27 on Friday. The business has a fifty day moving average price of $101.06 and a 200-day moving average price of $114.23. Dollar Tree, Inc. has a 1-year low of $84.71 and a 1-year high of $142.40. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.16 and a quick ratio of 0.39. The stock has a market capitalization of $21.00 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.38 and a beta of 0.66.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Jefferies Financial Group reissued an “underperform” rating and issued a $85.00 price objective on shares of Dollar Tree in a research report on Friday, May 29th. The Goldman Sachs Group lowered their price objective on Dollar Tree from $115.00 to $105.00 and set a “sell” rating for the company in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Dollar Tree from $99.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday. Citigroup lowered their price objective on Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Finally, BTIG Research reissued a “neutral” rating on shares of Dollar Tree in a research report on Monday, March 9th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $119.48.
Read Our Latest Stock Report on DLTR
Dollar Tree Company 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.
Read More
- Five stocks we like better than Dollar Tree
- Buy the Dip? Broadcom’s AI Moat Is Wider Than Ever
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR – Free Report).
Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.
