18,941 Shares in Dollar Tree, Inc. $DLTR Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the third quarter, HoldingsChannel reports. The firm purchased 18,941 shares of the company’s stock, valued at approximately $1,787,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLTR. EdgePoint Investment Group Inc. increased its holdings in shares of Dollar Tree by 12.3% in the second quarter. EdgePoint Investment Group Inc. now owns 10,825,801 shares of the company’s stock valued at $1,072,187,000 after purchasing an additional 1,184,294 shares during the last quarter. Primecap Management Co. CA grew its stake in Dollar Tree by 6.8% in the 3rd quarter. Primecap Management Co. CA now owns 4,194,049 shares of the company’s stock valued at $395,792,000 after buying an additional 268,539 shares during the last quarter. Alliancebernstein L.P. grew its stake in Dollar Tree by 176.9% in 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 during the last quarter. London Co. of Virginia raised its holdings in Dollar Tree by 51.0% in the 2nd quarter. London Co. of Virginia now owns 2,840,104 shares of the company’s stock valued at $281,284,000 after acquiring an additional 958,925 shares during the period. Finally, Voya Investment Management LLC lifted its position in Dollar Tree by 103.1% during the third quarter. Voya Investment Management LLC now owns 2,406,748 shares of the company’s stock worth $226,729,000 after acquiring an additional 1,222,028 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $117.85 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96. Dollar Tree, Inc. has a fifty-two week low of $61.80 and a fifty-two week high of $142.40. The company has a market cap of $23.43 billion, a price-to-earnings ratio of -8.76, a PEG ratio of 1.51 and a beta of 0.73. The stock has a fifty day moving average price of $127.33 and a 200-day moving average price of $112.74.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.12. The business had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.70 billion. Dollar Tree had a positive return on equity of 30.23% and a negative net margin of 15.40%.Dollar Tree’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other news, insider Brent A. Beebe sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $124.65, for a total transaction of $274,230.00. Following the completion of the sale, the insider owned 13,740 shares of the company’s stock, valued at approximately $1,712,691. This represents a 13.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $114.00 target price (up from $108.00) on shares of Dollar Tree in a research report on Thursday, December 4th. Truist Financial set a $156.00 price objective on Dollar Tree in a report on Friday, January 16th. Bank of America increased their price objective on Dollar Tree from $75.00 to $85.00 and gave the stock an “underperform” rating in a research report on Thursday, December 4th. BMO Capital Markets cut shares of Dollar Tree from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $110.00 to $95.00 in a research report on Friday, February 13th. Finally, Citigroup restated a “neutral” rating and issued a $132.00 price target on shares of Dollar Tree in a research note on Friday, February 27th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $124.62.

About Dollar Tree

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.