Primecap Management Co. CA Acquires 158,385 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Primecap Management Co. CA raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,030,845 shares of the company's stock after purchasing an additional 158,385 shares during the quarter. Primecap Management Co. CA owned 1.41% of Dollar Tree worth $213,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board grew its stake in Dollar Tree by 14.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company's stock valued at $377,804,000 after purchasing an additional 348,442 shares during the period. Dimensional Fund Advisors LP grew its stake in Dollar Tree by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company's stock valued at $266,124,000 after purchasing an additional 138,042 shares during the period. American Century Companies Inc. grew its stake in shares of Dollar Tree by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company's stock worth $213,958,000 after acquiring an additional 124,021 shares during the period. Equity Investment Corp grew its stake in shares of Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company's stock worth $107,264,000 after acquiring an additional 746,913 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Dollar Tree by 488.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company's stock worth $111,531,000 after acquiring an additional 867,054 shares during the period. Institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DLTR. Melius Research began coverage on Dollar Tree in a research note on Monday, September 23rd. They set a "hold" rating and a $70.00 price target for the company. Wells Fargo & Company cut their price target on Dollar Tree from $130.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, September 5th. Piper Sandler cut their price target on Dollar Tree from $112.00 to $67.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Truist Financial cut their price target on Dollar Tree from $140.00 to $79.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Finally, StockNews.com cut Dollar Tree from a "hold" rating to a "sell" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $87.95.

Dollar Tree Stock Down 2.6 %

DLTR opened at $63.18 on Thursday. The stock's 50 day simple moving average is $67.85 and its 200 day simple moving average is $91.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. Dollar Tree's revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the purchase, the director now directly owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 28.86 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.80% of the company's stock.

Dollar Tree Company Profile

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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