Union Bancaire Privee UBP SA Acquires Shares of 46,520 Dollar Tree, Inc. $DLTR

Union Bancaire Privee UBP SA acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTRFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 46,520 shares of the company’s stock, valued at approximately $5,722,000.

Other institutional investors also recently modified their holdings of the company. EdgePoint Investment Group Inc. increased its position in Dollar Tree by 2.9% during the third quarter. EdgePoint Investment Group Inc. now owns 11,138,183 shares of the company’s stock worth $1,051,110,000 after acquiring an additional 312,382 shares during the period. State Street Corp grew its position in shares of Dollar Tree by 3.5% during the 3rd quarter. State Street Corp now owns 9,421,856 shares of the company’s stock worth $889,141,000 after purchasing an additional 319,938 shares in the last quarter. Primecap Management Co. CA grew its position in shares of Dollar Tree by 6.8% during the 3rd quarter. Primecap Management Co. CA now owns 4,194,049 shares of the company’s stock worth $395,792,000 after purchasing an additional 268,539 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Dollar Tree by 4.8% during the third quarter. Alliancebernstein L.P. now owns 3,926,586 shares of the company’s stock worth $370,552,000 after purchasing an additional 180,364 shares during the period. Finally, London Co. of Virginia raised its position in shares of Dollar Tree by 51.0% in the second quarter. London Co. of Virginia now owns 2,840,104 shares of the company’s stock valued at $281,284,000 after buying an additional 958,925 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree News Summary

Here are the key news stories impacting Dollar Tree this week:

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DLTR. Wells Fargo & Company increased their price target on Dollar Tree from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. BNP Paribas Exane downgraded Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 target price for the company. in a research report on Wednesday, January 21st. BTIG Research reissued a “neutral” rating on shares of Dollar Tree in a report on Monday, March 9th. Morgan Stanley dropped their price target on Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group upped their price objective on shares of Dollar Tree from $75.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $123.24.

Get Our Latest Research Report on Dollar Tree

Dollar Tree Stock Performance

Dollar Tree stock opened at $105.92 on Friday. The company has a quick ratio of 0.22, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. The stock has a market cap of $20.90 billion, a PE ratio of 16.95, a P/E/G ratio of 1.32 and a beta of 0.73. Dollar Tree, Inc. has a 12-month low of $61.87 and a 12-month high of $142.40. The business’s 50-day moving average price is $123.67 and its two-hundred day moving average price is $112.73.

Dollar Tree (NASDAQ:DLTRGet Free Report) last posted its earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. The firm had revenue of $5.45 billion during 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 for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.11 earnings per share. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree Profile

(Free Report)

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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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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