Dollar Tree, Inc. $DLTR Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 69.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,900 shares of the company’s stock after selling 112,300 shares during the quarter. LSV Asset Management’s holdings in Dollar Tree were worth $6,015,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DLTR. Alliancebernstein L.P. grew its holdings in shares of Dollar Tree by 176.9% during the 2nd quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock worth $371,026,000 after purchasing an additional 2,393,172 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of Dollar Tree during the 3rd quarter worth $118,811,000. AQR Capital Management LLC grew its holdings in shares of Dollar Tree by 906.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,275,363 shares of the company’s stock worth $124,973,000 after purchasing an additional 1,148,649 shares during the period. Mondrian Investment Partners LTD purchased a new position in shares of Dollar Tree during the 3rd quarter worth $102,550,000. Finally, Schroder Investment Management Group grew its holdings in shares of Dollar Tree by 1,475.5% during the 3rd quarter. Schroder Investment Management Group now owns 965,895 shares of the company’s stock worth $91,152,000 after purchasing an additional 904,589 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

DLTR stock opened at $93.70 on Wednesday. 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 $18.25 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.19 and a beta of 0.61. The business’s 50-day moving average is $100.90 and its two-hundred day moving average is $113.99. Dollar Tree, Inc. has a 1 year low of $84.71 and a 1 year 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, beating analysts’ consensus estimates of $2.53 by $0.03. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.46 billion. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.Dollar Tree’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.11 EPS. Analysts anticipate that Dollar Tree, Inc. will post 6.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DLTR. Piper Sandler lowered their price target on Dollar Tree from $116.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday. Sanford C. Bernstein set a $115.00 target price on Dollar Tree in a report on Tuesday, May 12th. Weiss Ratings cut Dollar Tree from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Jefferies Financial Group raised their target price on Dollar Tree from $75.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, March 17th. Finally, Bank of America raised their target price on Dollar Tree from $85.00 to $89.00 and gave the company an “underperform” rating in a report on Monday, March 16th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $120.00.

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.