Burgundy Asset Management Ltd. Decreases Stock Holdings in Dollar Tree, Inc. $DLTR

Burgundy Asset Management Ltd. decreased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 452,794 shares of the company’s stock after selling 7,838 shares during the period. Burgundy Asset Management Ltd. owned about 0.22% of Dollar Tree worth $42,730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Dollar Tree in the third quarter valued at $29,000. True Wealth Design LLC increased its stake in Dollar Tree by 372.5% during the 2nd quarter. True Wealth Design LLC now owns 378 shares of the company’s stock worth $37,000 after buying an additional 298 shares during the period. MTM Investment Management LLC purchased a new stake in Dollar Tree during the 2nd quarter worth approximately $42,000. Smartleaf Asset Management LLC increased its position in shares of Dollar Tree by 90.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock worth $40,000 after purchasing an additional 201 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Dollar Tree during the 3rd quarter valued at approximately $41,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DLTR. Truist Financial set a $156.00 price target on Dollar Tree in a research report on Friday, January 16th. Morgan Stanley upped their target price on Dollar Tree from $130.00 to $146.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $126.00 price objective on shares of Dollar Tree in a research note on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $103.00 target price (down from $133.00) on shares of Dollar Tree in a research note on Thursday, November 13th. Finally, Telsey Advisory Group set a $150.00 price target on shares of Dollar Tree in a report on Wednesday, December 17th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $124.62.

Dollar Tree Trading Down 0.5%

Dollar Tree stock opened at $117.85 on Thursday. Dollar Tree, Inc. has a 52 week low of $61.80 and a 52 week high of $142.40. The firm has a market capitalization of $23.43 billion, a PE ratio of -8.76, a PEG ratio of 1.51 and a beta of 0.73. The business’s 50-day simple moving average is $127.33 and its 200-day simple moving average is $112.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.12. Dollar Tree had a negative net margin of 15.40% and a positive return on equity of 30.23%. The business had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter last year, the company posted $1.12 earnings per share. Dollar Tree’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling at Dollar Tree

In related news, insider Brent A. Beebe sold 2,200 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $124.65, for a total value of $274,230.00. Following the sale, the insider owned 13,740 shares of the company’s stock, valued at $1,712,691. The trade was a 13.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.60% of the company’s stock.

Dollar Tree Company 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.