Louisbourg Investments Inc. Sells 6,213 Shares of Dollar Tree, Inc. $DLTR

Louisbourg Investments Inc. lowered its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,091 shares of the company’s stock after selling 6,213 shares during the period. Louisbourg Investments Inc.’s holdings in Dollar Tree were worth $4,809,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in shares of Dollar Tree by 261.9% during the fourth quarter. SG Americas Securities LLC now owns 177,196 shares of the company’s stock worth $21,797,000 after acquiring an additional 128,230 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Dollar Tree by 54.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 670,753 shares of the company’s stock valued at $82,509,000 after acquiring an additional 235,626 shares during the last quarter. USA Financial Formulas bought a new position in Dollar Tree in the third quarter valued at about $770,000. Sumitomo Mitsui Trust Group Inc. increased its position in Dollar Tree by 4.0% in 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. Finally, Orion Porfolio Solutions LLC increased its position in Dollar Tree by 28.2% in the second 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 during the period. Institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on DLTR shares. Morgan Stanley cut their target price on shares of Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $126.00 price target on shares of Dollar Tree in a research report on Thursday, January 8th. Bank of America increased their price objective on shares of Dollar Tree from $85.00 to $89.00 and gave the company an “underperform” rating in a report on Monday, March 16th. BNP Paribas Exane cut shares of Dollar Tree from a “hold” rating to an “underperform” rating and set a $87.00 price objective on the stock. in a research note on Wednesday, January 21st. Finally, Truist Financial lowered their target price on shares of Dollar Tree from $156.00 to $142.00 and set a “buy” rating for the company in a report on Monday, March 16th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $123.24.

Dollar Tree Price Performance

Dollar Tree stock opened at $108.44 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $21.40 billion, a P/E ratio of 17.35, a PEG ratio of 1.36 and a beta of 0.74. The business has a 50-day moving average of $118.41 and a 200-day moving average of $113.15. Dollar Tree, Inc. has a 1 year low of $61.87 and a 1 year high of $142.40.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Monday, March 16th. The company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the company posted $2.11 EPS. Dollar Tree’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.