DekaBank Deutsche Girozentrale boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 281.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 142,316 shares of the company’s stock after buying an additional 105,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Dollar Tree were worth $15,595,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Dollar Tree in the 4th quarter valued at $25,000. Reflection Asset Management bought a new stake in shares of Dollar Tree during the fourth quarter worth $25,000. Covestor Ltd raised its position in shares of Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after acquiring an additional 84 shares during the last quarter. YANKCOM Partnership acquired a new position in shares of Dollar Tree during the fourth quarter valued at $31,000. Finally, DV Equities LLC acquired a new position in shares of Dollar Tree during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 97.40% of the company’s stock.
Dollar Tree Price Performance
NASDAQ:DLTR opened at $125.94 on Monday. Dollar Tree, Inc. has a 12-month low of $84.71 and a 12-month high of $142.40. The company has a quick ratio of 0.39, a current ratio of 1.16 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $24.20 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.44 and a beta of 0.65. The stock’s fifty day simple moving average is $110.73 and its 200-day simple moving average is $114.62.
Dollar Tree declared that its board has initiated a stock buyback program on Thursday, July 2nd that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Analyst Ratings Changes
Several equities analysts recently issued reports on DLTR shares. Sanford C. Bernstein raised their price target on Dollar Tree from $115.00 to $124.00 and gave the company a “market perform” rating in a report on Friday, May 29th. Evercore raised Dollar Tree from a “hold” rating to an “outperform” rating in a report on Wednesday, July 8th. Barclays downgraded shares of Dollar Tree from an “overweight” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Morgan Stanley raised their target price on shares of Dollar Tree from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Finally, Weiss Ratings upgraded shares of Dollar Tree from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Ten research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $122.68.
Get Our Latest Research Report 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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