Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 113.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 44,277 shares of the company’s stock after purchasing an additional 23,571 shares during the quarter. Franklin Resources Inc.’s holdings in Dollar Tree were worth $3,318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Assetmark Inc. grew its stake in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Versant Capital Management Inc acquired a new position in Dollar Tree in the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust increased its holdings in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after acquiring an additional 210 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Dollar Tree during the 4th quarter worth $43,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DLTR. Telsey Advisory Group lifted their target price on Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday, March 27th. Loop Capital restated a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Truist Financial set a $84.00 price objective on shares of Dollar Tree in a research note on Thursday, March 27th. Guggenheim dropped their target price on shares of Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, Wells Fargo & Company boosted their price target on shares of Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. One research 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $81.84.

Dollar Tree Price Performance

DLTR opened at $72.11 on Friday. 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, Inc. has a 1 year low of $60.49 and a 1 year high of $129.63. The stock has a fifty day moving average price of $70.86 and a 200 day moving average price of $70.31. The stock has a market cap of $15.51 billion, a price-to-earnings ratio of -15.12, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly 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 firm had revenue of $5 billion during 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 company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.55 EPS. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, Director William W. Douglas III acquired 701 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.80% of the stock is currently owned by company insiders.

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.