VCI Wealth Management LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) in the 1st quarter, Holdings Channel reports. The firm purchased 7,836 shares of the company’s stock, valued at approximately $858,000.
A number of other large investors also recently modified their holdings of DLTR. SG Americas Securities LLC increased its holdings in shares of Dollar Tree by 261.9% in the 4th quarter. SG Americas Securities LLC now owns 177,196 shares of the company’s stock valued at $21,797,000 after acquiring an additional 128,230 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Dollar Tree by 54.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 670,753 shares of the company’s stock valued at $82,509,000 after purchasing an additional 235,626 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Dollar Tree by 18.0% in the 4th quarter. Nordea Investment Management AB now owns 858,636 shares of the company’s stock valued at $106,110,000 after purchasing an additional 130,741 shares during the last quarter. Fairfax Financial Holdings Ltd. Can acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at about $4,186,000. Finally, Korea Investment CORP grew its stake in Dollar Tree by 64.4% during the 3rd quarter. Korea Investment CORP now owns 249,919 shares of the company’s stock worth $23,585,000 after buying an additional 97,866 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree Price Performance
Shares of NASDAQ DLTR opened at $123.87 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.39 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $103.46 and its 200 day moving average price is $114.82. Dollar Tree, Inc. has a 52 week low of $84.71 and a 52 week high of $142.40. The stock 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.
Analyst Upgrades and Downgrades
DLTR has been the topic of several research analyst reports. Morgan Stanley lifted their price target on Dollar Tree from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. The Goldman Sachs Group lowered their price objective on shares of Dollar Tree from $115.00 to $105.00 and set a “sell” rating on the stock in a research report on Friday, May 29th. Freedom Capital cut Dollar Tree from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Barclays reduced their price target on shares of Dollar Tree from $149.00 to $131.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Finally, Truist Financial lowered their price target on Dollar Tree from $142.00 to $107.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $119.48.
View Our Latest Analysis on Dollar Tree
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.
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