T. Rowe Price Investment Management Inc. Acquires 533,920 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

T. Rowe Price Investment Management Inc. grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,920,748 shares of the company's stock after acquiring an additional 533,920 shares during the quarter. T. Rowe Price Investment Management Inc. owned 4.61% of Dollar Tree worth $743,461,000 as of its most recent filing with the Securities and Exchange Commission.

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

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $82.16 on Wednesday. The business has a fifty day moving average of $71.41 and a 200-day moving average of $70.61. The firm has a market cap of $17.67 billion, a PE ratio of -17.22, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. 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 twelve month low of $60.49 and a twelve month high of $123.17.

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

Insider Buying and Selling

In other news, Director William W. Douglas III acquired 701 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DLTR shares. Telsey Advisory Group lifted their price objective on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a report on Thursday, March 27th. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price target for the stock 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. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Finally, Guggenheim lowered their target price on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $81.84.

Dollar Tree 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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