Dollar Tree, Inc. $DLTR Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,298,911 shares of the company’s stock after buying an additional 44,164 shares during the period. Legal & General Group Plc’s holdings in Dollar Tree were worth $159,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DLTR. Alliancebernstein L.P. increased its position in Dollar Tree by 176.9% during the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock valued at $371,026,000 after buying an additional 2,393,172 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in Dollar Tree during the 3rd quarter valued at about $118,811,000. AQR Capital Management LLC increased its position in Dollar Tree by 906.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,275,363 shares of the company’s stock valued at $124,973,000 after buying an additional 1,148,649 shares in the last quarter. Mondrian Investment Partners LTD acquired a new position in Dollar Tree during the 3rd quarter valued at about $102,550,000. Finally, Schroder Investment Management Group increased its position in Dollar Tree by 1,475.5% during the 3rd quarter. Schroder Investment Management Group now owns 965,895 shares of the company’s stock valued at $91,152,000 after buying an additional 904,589 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DLTR. Truist Financial cut their price objective on Dollar Tree from $142.00 to $107.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings lowered Dollar Tree from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Guggenheim reissued a “buy” rating and issued a $130.00 price objective on shares of Dollar Tree in a report on Tuesday, March 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price objective on shares of Dollar Tree in a report on Tuesday, March 17th. Finally, Citigroup cut their price objective on Dollar Tree from $132.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, March 17th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $118.33.

Dollar Tree Stock Up 2.3%

Shares of DLTR opened at $95.87 on Thursday. Dollar Tree, Inc. has a 52 week low of $84.71 and a 52 week high of $142.40. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $18.67 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.18 and a beta of 0.61. The stock’s 50-day moving average price is $100.53 and its 200-day moving average price is $113.95.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the business earned $2.11 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts predict that Dollar Tree, Inc. will post 6.73 EPS for the current year.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.