Vanguard Group Inc. Grows Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Vanguard Group Inc. boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,450,228 shares of the company's stock after acquiring an additional 163,368 shares during the period. Vanguard Group Inc. owned 10.91% of Dollar Tree worth $1,757,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DLTR. Stevens Capital Management LP purchased a new stake in Dollar Tree in the fourth quarter valued at about $481,000. LPL Financial LLC raised its position in shares of Dollar Tree by 7.0% in the 4th quarter. LPL Financial LLC now owns 94,176 shares of the company's stock valued at $7,058,000 after purchasing an additional 6,174 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Dollar Tree in the 4th quarter worth approximately $5,242,000. Mizuho Securities USA LLC boosted its stake in Dollar Tree by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 19,154 shares of the company's stock worth $1,435,000 after purchasing an additional 6,052 shares in the last quarter. Finally, Sciencast Management LP purchased a new stake in Dollar Tree during the 4th quarter worth approximately $3,037,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Price Performance

DLTR traded up $2.32 during trading on Monday, hitting $75.07. The company's stock had a trading volume of 7,818,516 shares, compared to its average volume of 3,643,367. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of -15.74, a P/E/G ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $137.14. The business's fifty day simple moving average is $71.23 and its 200 day simple moving average is $70.32. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) 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 analysts' expectations 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 quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $2.55 EPS. On average, equities research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on DLTR. BMO Capital Markets lifted their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a research note on Thursday, December 5th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research report on Thursday. Guggenheim cut their price objective on Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a report on Friday. Evercore ISI lifted their target price on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a report on Thursday. Finally, UBS Group dropped their target price on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $83.42.

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.