Schroder Investment Management Group Buys 904,589 Shares of Dollar Tree, Inc. $DLTR

Schroder Investment Management Group boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 1,475.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 965,895 shares of the company’s stock after buying an additional 904,589 shares during the period. Schroder Investment Management Group’s holdings in Dollar Tree were worth $91,152,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in shares of Dollar Tree during the third quarter valued at approximately $770,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Dollar Tree by 4.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 541,021 shares of the company’s stock worth $51,056,000 after purchasing an additional 20,786 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of Dollar Tree by 28.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 47,735 shares of the company’s stock worth $4,728,000 after purchasing an additional 10,497 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Dollar Tree by 2.2% in the 3rd quarter. Federated Hermes Inc. now owns 751,744 shares of the company’s stock worth $70,942,000 after purchasing an additional 15,829 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Dollar Tree by 11.9% in the 3rd quarter. Pacer Advisors Inc. now owns 1,346,247 shares of the company’s stock valued at $127,045,000 after purchasing an additional 143,295 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Bank of America boosted their price target on shares of Dollar Tree from $75.00 to $85.00 and gave the company an “underperform” rating in a research note on Thursday, December 4th. BTIG Research reaffirmed a “neutral” rating on shares of Dollar Tree in a research note on Monday. Evercore upgraded shares of Dollar Tree to a “hold” rating in a report on Tuesday, February 3rd. BMO Capital Markets downgraded shares of Dollar Tree from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $110.00 to $95.00 in a research report on Friday, February 13th. Finally, Truist Financial set a $156.00 target price on shares of Dollar Tree in a report on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $124.62.

Dollar Tree Price Performance

NASDAQ DLTR opened at $115.85 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.96 and a debt-to-equity ratio of 0.70. The company has a market cap of $23.04 billion, a PE ratio of -8.61, a price-to-earnings-growth ratio of 1.44 and a beta of 0.73. Dollar Tree, Inc. has a 52 week low of $61.80 and a 52 week high of $142.40. The firm’s 50-day simple moving average is $126.89 and its two-hundred day simple moving average is $112.81.

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.