Advisor Group Holdings Inc. bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 30,033 shares of the company’s stock, valued at approximately $2,212,000.
Other hedge funds have also recently modified their holdings of the company. Macquarie Group Ltd. lifted its stake in shares of Dollar Tree by 13.9% during the 4th quarter. Macquarie Group Ltd. now owns 10,287,839 shares of the company’s stock worth $967,571,000 after purchasing an additional 1,256,237 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Dollar Tree by 262,081.4% during the 1st quarter. Franklin Resources Inc. now owns 6,740,685 shares of the company’s stock worth $495,303,000 after purchasing an additional 6,738,114 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Dollar Tree by 23.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,779,415 shares of the company’s stock worth $543,554,000 after purchasing an additional 1,107,769 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Dollar Tree by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 3,809,005 shares of the company’s stock worth $279,320,000 after purchasing an additional 77,346 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Dollar Tree by 35.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 3,049,549 shares of the company’s stock worth $286,810,000 after purchasing an additional 799,936 shares during the last quarter. Institutional investors and hedge funds own 89.58% of the company’s stock.
DLTR stock opened at $92.68 on Wednesday. The business has a fifty day moving average of $87.84 and a two-hundred day moving average of $85.26. The company has a quick ratio of 0.44, a current ratio of 1.15 and a debt-to-equity ratio of 1.24. The stock has a market cap of $22.22 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 2.07 and a beta of 0.62. Dollar Tree, Inc. has a 52-week low of $60.20 and a 52-week high of $119.71.
Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, May 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.19. The company had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.14 billion. Dollar Tree had a return on equity of 18.69% and a net margin of 3.35%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 4.65 EPS for the current year.
A number of equities research analysts have commented on DLTR shares. UBS Group decreased their price target on Dollar Tree from $108.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. BMO Capital Markets increased their price target on Dollar Tree from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, June 1st. Loop Capital increased their price target on Dollar Tree from $74.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, May 29th. TheStreet raised Dollar Tree from a “c+” rating to a “b” rating in a report on Thursday, June 25th. Finally, Piper Sandler cut their price objective on Dollar Tree from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $102.50.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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