New Age Alpha Advisors LLC Has $7.17 Million Stock Position in Dollar Tree, Inc. $DLTR

New Age Alpha Advisors LLC trimmed its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,324 shares of the company’s stock after selling 13,581 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Dollar Tree were worth $7,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EdgePoint Investment Group Inc. boosted its holdings in shares of Dollar Tree by 2.9% in the third quarter. EdgePoint Investment Group Inc. now owns 11,138,183 shares of the company’s stock worth $1,051,110,000 after buying an additional 312,382 shares during the period. State Street Corp boosted its holdings in shares of Dollar Tree by 3.5% in the third quarter. State Street Corp now owns 9,421,856 shares of the company’s stock worth $889,141,000 after buying an additional 319,938 shares during the period. Primecap Management Co. CA boosted its holdings in shares of Dollar Tree by 6.8% in the third quarter. Primecap Management Co. CA now owns 4,194,049 shares of the company’s stock worth $395,792,000 after buying an additional 268,539 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Dollar Tree by 4.8% in the third quarter. Alliancebernstein L.P. now owns 3,926,586 shares of the company’s stock worth $370,552,000 after buying an additional 180,364 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Dollar Tree by 6.6% in the third quarter. Invesco Ltd. now owns 2,679,797 shares of the company’s stock worth $252,892,000 after buying an additional 165,732 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLTR has been the subject of several recent analyst reports. Barclays reiterated an “overweight” rating on shares of Dollar Tree in a report on Monday, March 16th. Guggenheim reiterated a “buy” rating and issued a $130.00 target price on shares of Dollar Tree in a report on Tuesday, March 17th. Piper Sandler reissued a “neutral” rating and issued a $116.00 price target (up from $114.00) on shares of Dollar Tree in a research report on Tuesday, March 17th. Wall Street Zen lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Finally, Weiss Ratings lowered shares of Dollar Tree from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $121.57.

Dollar Tree Price Performance

NASDAQ DLTR opened at $94.98 on Monday. The company has a 50 day simple moving average of $101.51 and a 200-day simple moving average of $114.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29. The firm has a market capitalization of $18.50 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.19 and a beta of 0.61. Dollar Tree, Inc. has a 52-week low of $84.71 and a 52-week high of $142.40.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.46 billion. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 earnings per share. Equities research analysts predict that Dollar Tree, Inc. will post 6.73 earnings per share for the current fiscal year.

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.