Entropy Technologies LP bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 29,000 shares of the company's stock, valued at approximately $2,173,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in Dollar Tree by 6.8% in the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock valued at $662,971,000 after purchasing an additional 596,191 shares during the last quarter. EdgePoint Investment Group Inc. increased its holdings in Dollar Tree by 0.5% in 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 last quarter. Primecap Management Co. CA increased its holdings 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 valued at $213,129,000 after purchasing an additional 158,385 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Dollar Tree by 9.8% in the 3rd 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 last quarter. Finally, Equity Investment Corp increased its holdings in Dollar Tree by 95.9% in the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock valued at $107,264,000 after purchasing 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
DLTR has been the subject of several research reports. Truist Financial lifted their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Loop Capital boosted their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Evercore ISI dropped their price target on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating for the company in a research note on Tuesday, December 3rd. Telsey Advisory Group restated a "market perform" rating and issued a $75.00 price target on shares of Dollar Tree in a research note on Friday, December 20th. Finally, Sanford C. Bernstein initiated coverage on shares of Dollar Tree in a research note on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 price target for the company. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Dollar Tree has an average rating of "Hold" and an average price target of $85.58.
View Our Latest Report on Dollar Tree
Dollar Tree Stock Performance
DLTR traded up $0.27 on Thursday, reaching $72.01. The company had a trading volume of 1,513,156 shares, compared to its average volume of 2,611,976. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21. The stock has a market capitalization of $15.48 billion, a PE ratio of -15.10, a P/E/G ratio of 2.11 and a beta of 0.89. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $72.84 and a 200-day moving average price of $74.96.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $7.45 billion. During the same period in the previous year, the company earned $0.97 earnings per share. Dollar Tree's quarterly revenue was up 3.5% compared to the same quarter last year. As a group, research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.
About Dollar Tree
(
Free Report)
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.
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