Poplar Forest Capital LLC Lowers Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Poplar Forest Capital LLC cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 21.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 173,616 shares of the company’s stock after selling 48,175 shares during the quarter. Dollar Tree accounts for about 2.4% of Poplar Forest Capital LLC’s portfolio, making the stock its 22nd biggest position. Poplar Forest Capital LLC’s holdings in Dollar Tree were worth $13,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DLTR. State Street Corp increased its position in shares of Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after acquiring an additional 596,191 shares during the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Dollar Tree by 0.5% during the third quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock valued at $487,987,000 after acquiring an additional 35,862 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after acquiring an additional 158,385 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Dollar Tree by 9.8% during the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock valued at $129,724,000 after purchasing an additional 165,398 shares during the period. Finally, Equity Investment Corp grew its holdings in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after purchasing an additional 746,913 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on DLTR shares. Jefferies Financial Group increased their price objective on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Citigroup increased their price objective on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Truist Financial increased their price objective on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Guggenheim reduced their price objective on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. Finally, KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Trading Down 0.4 %

NASDAQ DLTR opened at $72.86 on Friday. The stock’s 50-day simple moving average is $73.54 and its two-hundred day simple moving average is $73.07. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of -15.27, a PEG ratio of 2.16 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.07 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. Research analysts forecast 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.