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

Vanguard Group Inc. grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,450,228 shares of the company’s stock after buying an additional 163,368 shares during the quarter. Vanguard Group Inc. owned 0.11% of Dollar Tree worth $1,757,360,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DLTR. Forest Avenue Capital Management LP purchased a new stake in Dollar Tree during the third quarter valued at about $19,591,000. Pzena Investment Management LLC purchased a new position in shares of Dollar Tree during the 4th quarter valued at about $520,000. Empower Advisory Group LLC lifted its position in Dollar Tree by 15.3% in the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock worth $56,986,000 after buying an additional 100,676 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new stake in Dollar Tree in the fourth quarter worth approximately $448,000. Finally, Entropy Technologies LP bought a new position in Dollar Tree during the fourth quarter valued at approximately $2,173,000. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Up 3.1 %

Shares of NASDAQ DLTR opened at $69.21 on Thursday. The firm has a fifty day simple moving average of $71.03 and a two-hundred day simple moving average of $70.13. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $137.14. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $14.88 billion, a PE ratio of -14.51, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

Dollar Tree (NASDAQ:DLTR) last released its quarterly 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 company had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $2.55 earnings per share. Equities analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DLTR. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Guggenheim lowered their price target on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Jefferies Financial Group raised their price objective on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Piper Sandler reissued a “neutral” rating and issued a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. Finally, BMO Capital Markets raised their price target on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. Sixteen 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 a consensus rating of “Hold” and a consensus price target of $83.89.

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.