London Co. of Virginia reduced its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,537,874 shares of the company’s stock after selling 169,241 shares during the period. Dollar Tree accounts for about 1.8% of London Co. of Virginia’s holdings, making the stock its 19th biggest holding. London Co. of Virginia’s holdings in Dollar Tree were worth $312,184,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in Dollar Tree during the fourth quarter worth about $25,000. Covestor Ltd increased its position in Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after purchasing an additional 84 shares during the last quarter. YANKCOM Partnership acquired a new stake in Dollar Tree during the fourth quarter worth about $31,000. Elyxium Wealth LLC acquired a new stake in Dollar Tree during the fourth quarter worth about $34,000. Finally, Leonteq Securities AG acquired a new stake in Dollar Tree during the fourth quarter worth about $38,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.
Dollar Tree Price Performance
Shares of DLTR opened at $110.74 on Wednesday. Dollar Tree, Inc. has a 1-year low of $84.71 and a 1-year high of $142.40. The stock has a market cap of $21.28 billion, a PE ratio of 17.30, a P/E/G ratio of 1.29 and a beta of 0.66. The firm has a 50-day simple moving average of $101.68 and a two-hundred day simple moving average of $114.73. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.16 and a quick ratio of 0.39.
Analysts Set New Price Targets
DLTR has been the subject of several recent analyst reports. Bank of America restated an “underperform” rating on shares of Dollar Tree in a research report on Thursday, May 28th. Barclays cut their price objective on shares of Dollar Tree from $149.00 to $131.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Truist Financial cut their price objective on shares of Dollar Tree from $142.00 to $107.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. BNP Paribas Exane lifted their price target on shares of Dollar Tree from $88.00 to $98.00 and gave the company an “underperform” rating in a research report on Friday, May 29th. Finally, Rothschild & Co Redburn set a $165.00 price target on shares of Dollar Tree and gave the company a “buy” rating in a research report on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $119.48.
View Our Latest Stock Report on DLTR
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.
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