Legal & General Group Plc Raises Holdings in Dollar Tree, Inc. $DLTR

Legal & General Group Plc grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,298,911 shares of the company’s stock after buying an additional 44,164 shares during the quarter. Legal & General Group Plc owned 0.65% of Dollar Tree worth $159,779,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Dollar Tree in the 4th quarter worth $25,000. Covestor Ltd lifted its position 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 during the period. Root Financial Partners LLC purchased a new position in Dollar Tree during the third quarter valued at approximately $29,000. YANKCOM Partnership purchased a new position in Dollar Tree during the fourth quarter valued at approximately $31,000. Finally, Elyxium Wealth LLC purchased a new position in Dollar Tree during the fourth quarter valued at approximately $34,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DLTR has been the topic of several research reports. Rothschild & Co Redburn set a $165.00 price objective on shares of Dollar Tree and gave the company a “buy” rating in a report on Tuesday, February 17th. Piper Sandler reduced their price target on Dollar Tree from $116.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday. Weiss Ratings lowered Dollar Tree from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. BTIG Research reissued a “neutral” rating on shares of Dollar Tree in a research report on Monday, March 9th. Finally, Sanford C. Bernstein set a $115.00 price target on Dollar Tree in a research report on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $118.33.

Dollar Tree Trading Up 2.3%

DLTR opened at $95.87 on Thursday. The firm has a market cap of $18.67 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.18 and a beta of 0.61. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 0.65. Dollar Tree, Inc. has a 12 month low of $84.71 and a 12 month high of $142.40. The stock has a fifty day moving average price of $100.53 and a 200-day moving average price of $113.95.

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

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.