LSV Asset Management Acquires New Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

LSV Asset Management purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 44,400 shares of the company's stock, valued at approximately $3,327,000.

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

Dollar Tree Stock Performance

DLTR traded up $5.93 during midday trading on Friday, reaching $79.14. The company had a trading volume of 7,221,420 shares, compared to its average volume of 3,923,640. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $124.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The business has a 50-day moving average price of $70.91 and a two-hundred day moving average price of $70.39. The stock has a market cap of $17.02 billion, a PE ratio of -16.59, a P/E/G ratio of 2.16 and a beta of 0.87.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. UBS Group cut their target price on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price target for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Truist Financial set a $84.00 price objective on shares of Dollar Tree in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $81.84.

Insider Activity

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

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.