Primecap Management Co. CA Grows Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Primecap Management Co. CA lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 31.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,978,425 shares of the company's stock after buying an additional 947,580 shares during the quarter. Primecap Management Co. CA owned about 1.85% of Dollar Tree worth $298,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DLTR. Assetmark Inc. lifted its holdings in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Dollar Tree during the 4th quarter valued at $30,000. Parkside Financial Bank & Trust boosted its holdings in Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after buying an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after buying an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock valued at $39,000 after acquiring an additional 284 shares during the period. 97.40% of the stock is currently owned by institutional investors.

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Dollar Tree Trading Up 3.3 %

Shares of NASDAQ:DLTR traded up $2.16 during trading hours on Friday, hitting $66.75. 4,904,387 shares of the company's stock traded hands, compared to its average volume of 3,371,060. 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 business has a fifty day moving average price of $71.27 and a 200-day moving average price of $70.28. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $137.14. The firm has a market capitalization of $14.35 billion, a P/E ratio of -13.99, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of recent analyst reports. UBS Group dropped their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research note on Friday. BMO Capital Markets increased their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a report on Thursday, December 5th. Guggenheim reduced their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, December 6th. Truist Financial upped their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Citigroup lifted their price target on shares of Dollar Tree from $64.00 to $76.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Dollar Tree currently has a consensus rating of "Hold" and a consensus target price of $84.26.

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.