Healthcare of Ontario Pension Plan Trust Fund grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 55.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,619 shares of the company’s stock after purchasing an additional 4,121 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Dollar Tree were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also bought and sold shares of DLTR. Cullen Frost Bankers Inc. acquired a new stake in shares of Dollar Tree in the 4th quarter valued at $25,000. Reflection Asset Management acquired a new position in Dollar Tree in the fourth quarter valued at about $25,000. Covestor Ltd grew its stake in Dollar Tree by 60.9% during the fourth quarter. Covestor Ltd now owns 222 shares of the company’s stock worth $27,000 after buying an additional 84 shares during the last quarter. Wilkerson Advisory Group LLC increased its holdings in shares of Dollar Tree by 80.1% during 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 acquired a new position in shares of Dollar Tree in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 97.40% of the company’s stock.
Dollar Tree Price Performance
Shares of DLTR stock opened at $127.21 on Friday. The firm’s 50 day moving average price is $117.49 and its two-hundred day moving average price is $114.47. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.39 and a current ratio of 1.16. Dollar Tree, Inc. has a 52-week low of $84.71 and a 52-week high of $142.40. The stock has a market cap of $24.45 billion, a PE ratio of 19.88, a PEG ratio of 1.45 and a beta of 0.65.
Dollar Tree declared that its Board of Directors has approved a stock buyback program on Thursday, July 2nd that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
DLTR has been the subject of several research analyst reports. Sanford C. Bernstein lifted their price objective on Dollar Tree from $124.00 to $127.00 and gave the company a “market perform” rating in a research report on Friday. Benchmark initiated coverage on shares of Dollar Tree in a research report on Wednesday, July 8th. They set a “hold” rating on the stock. Bank of America reissued an “underperform” rating on shares of Dollar Tree in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft upped their price objective on Dollar Tree from $99.00 to $102.00 and gave the stock a “hold” rating in a report on Thursday, June 4th. Finally, Guggenheim lifted their target price on Dollar Tree from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $122.82.
Check Out Our Latest Research Report on Dollar Tree
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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