8,093 Shares in Dollar Tree, Inc. $DLTR Purchased by Capstone Capital Management Ltd

Capstone Capital Management Ltd acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,093 shares of the company’s stock, valued at approximately $996,000. Dollar Tree accounts for approximately 1.0% of Capstone Capital Management Ltd’s portfolio, making the stock its 22nd largest holding.

A number of other large investors have also modified their holdings of DLTR. Alliancebernstein L.P. increased its holdings in shares of Dollar Tree by 176.9% in the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock worth $371,026,000 after acquiring an additional 2,393,172 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Dollar Tree in the 3rd quarter worth about $118,811,000. AQR Capital Management LLC increased its holdings in shares of Dollar Tree by 906.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,275,363 shares of the company’s stock worth $124,973,000 after acquiring an additional 1,148,649 shares during the period. Mondrian Investment Partners LTD acquired a new stake in shares of Dollar Tree in the 3rd quarter worth about $102,550,000. Finally, Schroder Investment Management Group increased its stake in Dollar Tree by 1,475.5% during the 3rd quarter. Schroder Investment Management Group now owns 965,895 shares of the company’s stock valued at $91,152,000 after buying an additional 904,589 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR opened at $91.23 on Tuesday. The firm’s 50 day moving average is $103.25 and its 200-day moving average is $114.30. The stock has a market capitalization of $17.77 billion, a P/E ratio of 14.60, a P/E/G ratio of 1.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29. Dollar Tree, Inc. has a 12-month low of $84.71 and a 12-month high of $142.40.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.03. The company 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 revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 EPS. Equities research analysts anticipate that Dollar Tree, Inc. will post 6.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America raised their target price on shares of Dollar Tree from $85.00 to $89.00 and gave the company an “underperform” rating in a research note on Monday, March 16th. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 target price on shares of Dollar Tree in a research note on Tuesday, March 17th. Truist Financial lowered their target price on shares of Dollar Tree from $156.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. BMO Capital Markets reissued an “underperform” rating on shares of Dollar Tree in a research note on Tuesday, March 17th. Finally, Piper Sandler reissued a “neutral” rating and set a $116.00 target price (up from $114.00) on shares of Dollar Tree in a research note on Tuesday, March 17th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, Dollar Tree currently has an average rating of “Hold” and an average target price of $121.86.

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.