Tabor Asset Management LP Buys 19,077 Shares of Dollar Tree, Inc. $DLTR

Tabor Asset Management LP increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 86.7% during the 3rd quarter, Holdings Channel reports. The fund owned 41,080 shares of the company’s stock after buying an additional 19,077 shares during the quarter. Dollar Tree accounts for about 2.3% of Tabor Asset Management LP’s investment portfolio, making the stock its 19th biggest holding. Tabor Asset Management LP’s holdings in Dollar Tree were worth $3,877,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DLTR. Root Financial Partners LLC bought a new position in shares of Dollar Tree during the third quarter worth $29,000. MTM Investment Management LLC acquired a new stake in Dollar Tree during the 2nd quarter worth $42,000. Smartleaf Asset Management LLC lifted its holdings in Dollar Tree by 90.5% during the third quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock worth $40,000 after acquiring an additional 201 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Dollar Tree in the third quarter valued at about $41,000. Finally, 1248 Management LLC bought a new stake in shares of Dollar Tree in the second quarter worth about $44,000. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $115.85 on Tuesday. The stock has a market cap of $23.04 billion, a PE ratio of -8.61, a P/E/G ratio of 1.44 and a beta of 0.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96. The firm has a 50-day moving average of $126.89 and a 200-day moving average of $112.81. Dollar Tree, Inc. has a 52-week low of $61.80 and a 52-week high of $142.40.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler reissued a “neutral” rating and set a $114.00 target price (up from $108.00) on shares of Dollar Tree in a research note on Thursday, December 4th. Citigroup reaffirmed a “neutral” rating and issued a $132.00 target price on shares of Dollar Tree in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $126.00 price target on shares of Dollar Tree in a research report on Thursday, January 8th. Jefferies Financial Group restated an “underperform” rating and set a $75.00 target price on shares of Dollar Tree in a report on Wednesday, December 3rd. Finally, BMO Capital Markets downgraded shares of Dollar Tree from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $110.00 to $95.00 in a research report on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, Dollar Tree presently has an average rating of “Hold” and an average target price of $124.62.

Dollar Tree Company 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.