Townsquare Capital LLC Has $1.33 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Townsquare Capital LLC raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 17,752 shares of the company’s stock after acquiring an additional 319 shares during the quarter. Townsquare Capital LLC’s holdings in Dollar Tree were worth $1,330,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Dollar Tree by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock valued at $1,757,360,000 after purchasing an additional 163,368 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dollar Tree by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company’s stock valued at $381,964,000 after buying an additional 222,352 shares in the last quarter. Primecap Management Co. CA lifted its position in shares of Dollar Tree by 31.3% in the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock worth $298,143,000 after buying an additional 947,580 shares during the last quarter. Norges Bank bought a new stake in shares of Dollar Tree during the 4th quarter worth about $171,149,000. Finally, Madison Investment Advisors LLC acquired a new position in shares of Dollar Tree during the 4th quarter valued at about $113,315,000. 97.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Truist Financial set a $84.00 target price on Dollar Tree in a report on Thursday, March 27th. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Bank of America cut their target price on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 8th. Telsey Advisory Group raised their price target on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. cut their price objective on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $81.84.

Insider Buying and Selling

In other news, CAO Aditya Maheshwari sold 1,238 shares of the company’s stock in a transaction that occurred on 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 directly owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William W. Douglas III purchased 701 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now owns 1,377 shares of the company’s stock, valued at $103,275. This represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.80% of the stock is owned by corporate insiders.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR opened at $79.14 on Friday. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of -16.59, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The business’s fifty day moving average price is $70.91 and its two-hundred day moving average price is $70.39. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $124.81. 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 (NASDAQ:DLTR) 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 firm had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $2.55 EPS. As a group, analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.