Sterling Capital Management LLC Has $917,000 Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Sterling Capital Management LLC increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 51.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,231 shares of the company’s stock after buying an additional 4,174 shares during the quarter. Sterling Capital Management LLC’s holdings in Dollar Tree were worth $917,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Dollar Tree in the fourth quarter worth $171,149,000. Madison Investment Advisors LLC bought a new position in Dollar Tree in the 4th quarter valued at about $113,315,000. Primecap Management Co. CA increased its holdings in Dollar Tree by 31.3% in the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock valued at $298,143,000 after buying an additional 947,580 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Dollar Tree by 111.0% during the 4th quarter. Natixis Advisors LLC now owns 650,493 shares of the company’s stock worth $48,748,000 after acquiring an additional 342,196 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Dollar Tree during the 4th quarter worth approximately $24,922,000. Institutional investors own 97.40% of the company’s stock.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III purchased 701 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now owns 1,377 shares of the company’s stock, valued at $103,275. This trade represents a 103.70 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

DLTR has been the subject of several research analyst reports. Truist Financial set a $84.00 price objective on shares of Dollar Tree in a research report on Thursday, March 27th. Evercore ISI upped their price objective on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday, March 27th. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. Wells Fargo & Company increased their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Finally, Bank of America decreased their price target on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average target price of $81.84.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $71.80 on Wednesday. The business’s 50 day simple moving average is $70.79 and its 200 day simple moving average is $70.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $125.72. The stock has a market capitalization of $15.44 billion, a PE ratio of -15.05, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion for 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 firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.55 EPS. As a group, research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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.