Capital International Investors Grows Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Capital International Investors lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 30.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,753,693 shares of the company's stock after purchasing an additional 2,023,819 shares during the quarter. Capital International Investors owned about 4.07% of Dollar Tree worth $656,000,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Assetmark Inc. lifted its stake in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after buying an additional 149 shares during the period. Bessemer Group Inc. raised its stake in Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after acquiring an additional 346 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Dollar Tree during the 4th quarter worth about $30,000. Parkside Financial Bank & Trust grew its stake in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after purchasing an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after purchasing an additional 210 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

DLTR stock traded down $2.41 during trading on Thursday, hitting $81.02. The stock had a trading volume of 2,202,066 shares, compared to its average volume of 3,972,495. The company's 50-day moving average price is $71.65 and its two-hundred day moving average price is $70.70. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $123.17. The stock has a market capitalization of $17.43 billion, a P/E ratio of -16.98, a PEG ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same period last year, the business earned $2.55 earnings per share. The company's revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dollar Tree news, Director William W. Douglas III purchased 701 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the transaction, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This represents a 103.70 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. This represents a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on DLTR. UBS Group dropped their target price on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Bank of America cut their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. Truist Financial set a $84.00 target price on shares of Dollar Tree in a research report on Thursday, March 27th. JPMorgan Chase & Co. lowered their price target on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Dollar Tree presently has an average rating of "Hold" and an average price target of $81.84.

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.