LFG Wealth Partners LLC purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,900 shares of the company’s stock, valued at approximately $1,413,000.
A number of other institutional investors have also recently made changes to their positions in DLTR. Cullen Frost Bankers Inc. bought a new position in Dollar Tree in the fourth quarter valued at $25,000. Reflection Asset Management bought a new stake in Dollar Tree during the fourth quarter worth about $25,000. Covestor Ltd boosted its holdings in shares of Dollar Tree by 60.9% in the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after purchasing an additional 84 shares in the last quarter. Wilkerson Advisory Group LLC boosted its stake in Dollar Tree by 80.1% in the first quarter. Wilkerson Advisory Group LLC now owns 263 shares of the company’s stock worth $29,000 after buying an additional 117 shares in the last quarter. Finally, YANKCOM Partnership purchased a new position in Dollar Tree in the 4th quarter worth $31,000. Institutional investors own 97.40% of the company’s stock.
Dollar Tree Price Performance
Shares of NASDAQ DLTR opened at $127.21 on Monday. Dollar Tree, Inc. has a 1 year low of $84.71 and a 1 year high of $142.40. The stock has a market capitalization of $24.45 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.45 and a beta of 0.65. The company’s 50-day moving average is $117.49 and its 200 day moving average is $114.31. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.16 and a quick ratio of 0.39.
Dollar Tree announced that its board has authorized a stock buyback plan on Thursday, July 2nd that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
DLTR has been the topic of several recent research reports. Evercore upgraded Dollar Tree from a “hold” rating to an “outperform” rating in a research report on Wednesday, July 8th. Gordon Haskett raised Dollar Tree from a “reduce” rating to a “hold” rating and set a $115.00 price target for the company in a research report on Thursday, June 4th. Jefferies Financial Group upgraded Dollar Tree from a “moderate sell” rating to a “buy” rating in a report on Wednesday, July 8th. BNP Paribas Exane lifted their price objective on Dollar Tree from $88.00 to $98.00 and gave the stock an “underperform” rating in a research report on Friday, May 29th. Finally, Morgan Stanley boosted their target price on Dollar Tree from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $122.82.
Check Out Our Latest Research 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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