Charles Schwab Investment Management Inc. boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,386,357 shares of the company's stock after buying an additional 132,934 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.64% of Dollar Tree worth $103,894,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp grew its stake in shares of Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock valued at $662,971,000 after acquiring an additional 596,191 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in Dollar Tree by 0.5% during the third 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 in the last quarter. Primecap Management Co. CA boosted its position in shares of Dollar Tree by 5.5% in the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company's stock worth $213,129,000 after purchasing an additional 158,385 shares during the period. Janus Henderson Group PLC increased its stake in shares of Dollar Tree by 9.8% in the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company's stock worth $129,724,000 after purchasing an additional 165,398 shares in the last quarter. Finally, Equity Investment Corp increased its stake in shares of Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock worth $107,264,000 after purchasing an additional 746,913 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree Trading Down 5.7 %
Shares of NASDAQ:DLTR traded down $3.77 during trading on Wednesday, hitting $61.92. The company had a trading volume of 4,515,563 shares, compared to its average volume of 3,453,652. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of -12.98, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The company has a fifty day simple moving average of $72.37 and a two-hundred day simple moving average of $71.23. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $137.14.
Analysts Set New Price Targets
A number of brokerages have issued reports on DLTR. Truist Financial increased their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Citigroup increased their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research report on Thursday, December 5th. Loop Capital lifted their target price on Dollar Tree from $65.00 to $75.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Guggenheim dropped their price target on Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, December 6th. Finally, StockNews.com raised shares of Dollar Tree from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $84.79.
View Our Latest Stock Report on DLTR
Dollar Tree Profile
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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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