Vanguard Group Inc. Has $2.82 Billion Holdings in Dollar Tree, Inc. $DLTR

Vanguard Group Inc. trimmed its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,913,819 shares of the company’s stock after selling 348,599 shares during the period. Vanguard Group Inc. owned about 0.12% of Dollar Tree worth $2,818,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC increased its holdings in Dollar Tree by 261.9% in the fourth quarter. SG Americas Securities LLC now owns 177,196 shares of the company’s stock valued at $21,797,000 after purchasing an additional 128,230 shares during the period. Assenagon Asset Management S.A. increased its holdings 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 purchasing an additional 235,626 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Dollar Tree by 4.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 541,021 shares of the company’s stock valued at $51,056,000 after purchasing an additional 20,786 shares during the period. Federated Hermes Inc. increased its holdings in Dollar Tree by 2.2% in the third quarter. Federated Hermes Inc. now owns 751,744 shares of the company’s stock valued at $70,942,000 after purchasing an additional 15,829 shares during the period. Finally, Nordea Investment Management AB increased its holdings 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 purchasing an additional 130,741 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DLTR shares. Jefferies Financial Group increased their price objective on Dollar Tree from $75.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, March 17th. Truist Financial decreased their price objective on Dollar Tree from $156.00 to $142.00 and set a “buy” rating for the company in a report on Monday, March 16th. Bank of America increased their price objective on Dollar Tree from $85.00 to $89.00 and gave the company an “underperform” rating in a report on Monday, March 16th. Citigroup decreased their price objective on Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Finally, Barclays reaffirmed an “overweight” rating on shares of Dollar Tree in a research report on Monday, March 16th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $122.76.

Dollar Tree Stock Performance

Shares of DLTR opened at $98.22 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $19.38 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.23 and a beta of 0.74. The firm’s fifty day simple moving average is $111.36 and its two-hundred day simple moving average is $114.78. Dollar Tree, Inc. has a 12 month low of $78.70 and a 12 month high of $142.40.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.11 earnings per share. As a group, analysts predict that Dollar Tree, Inc. will post 6.75 EPS for the current year.

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.