Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 706,838 shares of the company's stock after buying an additional 12,888 shares during the quarter. Assenagon Asset Management S.A. owned 0.33% of Dollar Tree worth $52,970,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Empower Advisory Group LLC lifted its holdings in shares of Dollar Tree by 41.3% in the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company's stock valued at $46,393,000 after buying an additional 192,754 shares during the period. Farther Finance Advisors LLC raised its position in Dollar Tree by 374.4% in the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company's stock worth $160,000 after acquiring an additional 1,797 shares in the last quarter. Equity Investment Corp lifted its holdings in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock valued at $107,264,000 after acquiring an additional 746,913 shares during the period. Forest Avenue Capital Management LP purchased a new stake in shares of Dollar Tree during the 3rd quarter worth $19,591,000. Finally, Anthracite Investment Company Inc. acquired a new position in shares of Dollar Tree during the 3rd quarter worth $2,813,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Up 1.1 %

Shares of DLTR traded up $0.74 during mid-day trading on Thursday, reaching $71.08. 2,795,881 shares of the stock traded hands, compared to its average volume of 2,840,428. The stock has a fifty day simple moving average of $70.45 and a 200 day simple moving average of $79.50. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. 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 firm has a market cap of $15.28 billion, a price-to-earnings ratio of -14.90, a P/E/G ratio of 2.32 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released 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 business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same period last year, the business earned $0.97 EPS. The business's revenue was up 3.5% on a year-over-year basis. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Loop Capital raised their price objective on shares of Dollar Tree from $65.00 to $75.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Citigroup boosted their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Piper Sandler reaffirmed a "neutral" rating and issued a $72.00 price objective (up from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. KeyCorp downgraded Dollar Tree from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 7th. Finally, Truist Financial raised their price target on Dollar Tree from $79.00 to $83.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Dollar Tree currently has a consensus rating of "Hold" and an average price target of $85.58.

About Dollar Tree

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.