Geode Capital Management LLC Has $381.96 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Geode Capital Management LLC lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,109,852 shares of the company's stock after purchasing an additional 222,352 shares during the quarter. Geode Capital Management LLC owned 2.38% of Dollar Tree worth $381,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. increased its stake in shares of Dollar Tree by 113.8% in the fourth quarter. Franklin Resources Inc. now owns 44,277 shares of the company's stock worth $3,318,000 after acquiring an additional 23,571 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in shares of Dollar Tree by 75.8% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 8,825 shares of the company's stock worth $661,000 after purchasing an additional 3,805 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Dollar Tree by 26.6% during the 4th quarter. Alliancebernstein L.P. now owns 530,356 shares of the company's stock valued at $39,745,000 after buying an additional 111,511 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Dollar Tree by 6,210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 3,155 shares of the company's stock valued at $236,000 after buying an additional 3,105 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Dollar Tree by 155.7% in the fourth quarter. Wellington Management Group LLP now owns 77,886 shares of the company's stock worth $5,837,000 after buying an additional 47,427 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now owns 1,377 shares of the company's stock, valued at approximately $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.80% of the company's stock.

Dollar Tree Price Performance

Dollar Tree stock traded down $0.68 during trading hours on Thursday, hitting $71.89. 2,758,365 shares of the stock were exchanged, compared to its average volume of 3,830,083. The stock has a market capitalization of $15.46 billion, a P/E ratio of -15.12, a P/E/G ratio of 2.16 and a beta of 0.87. The business's 50-day moving average is $70.90 and its two-hundred day moving average is $70.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $131.42.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly 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). The business had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $2.55 earnings per share. Equities research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DLTR shares. Bank of America dropped their price target 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. Truist Financial set a $84.00 price objective on Dollar Tree in a report on Thursday, March 27th. JPMorgan Chase & Co. reduced their target price on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price target for the company from $76.00 to $103.00 in a research report on Monday. Finally, Telsey Advisory Group raised their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and a consensus target price 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.