Banque Cantonale Vaudoise decreased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 37.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,107 shares of the company’s stock after selling 5,467 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Dollar Tree were worth $997,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Dollar Tree by 261.9% during the 4th quarter. SG Americas Securities LLC now owns 177,196 shares of the company’s stock worth $21,797,000 after acquiring an additional 128,230 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Dollar Tree by 54.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 670,753 shares of the company’s stock valued at $82,509,000 after acquiring an additional 235,626 shares during the last quarter. Nordea Investment Management AB increased its stake in Dollar Tree by 18.0% in the fourth quarter. Nordea Investment Management AB now owns 858,636 shares of the company’s stock valued at $106,110,000 after acquiring an additional 130,741 shares during the last quarter. Fairfax Financial Holdings Ltd. Can purchased a new stake in Dollar Tree during the third quarter valued at about $4,186,000. Finally, Korea Investment CORP raised its position in Dollar Tree by 64.4% during the third quarter. Korea Investment CORP now owns 249,919 shares of the company’s stock valued at $23,585,000 after purchasing an additional 97,866 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.
Dollar Tree Stock Up 4.8%
DLTR opened at $123.87 on Friday. The company has a market cap of $23.81 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.42 and a beta of 0.66. The business’s 50-day moving average price is $103.46 and its 200-day moving average price is $114.82. The company has a current ratio of 1.16, a quick ratio of 0.39 and a debt-to-equity ratio of 0.84. Dollar Tree, Inc. has a 12 month low of $84.71 and a 12 month high of $142.40.
Analysts Set New Price Targets
Several brokerages have issued reports on DLTR. Wall Street Zen raised Dollar Tree from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded Dollar Tree from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Piper Sandler decreased their price objective on Dollar Tree from $116.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, May 26th. UBS Group set a $124.00 target price on Dollar Tree in a research report on Thursday, May 28th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a $85.00 target price on shares of Dollar Tree in a research note on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $119.48.
Get Our Latest Analysis on DLTR
Dollar Tree 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.
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