Edgestream Partners L.P. increased its position in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 68.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,389 shares of the company’s stock after buying an additional 26,949 shares during the quarter. Edgestream Partners L.P.’s holdings in Dollar Tree were worth $7,270,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in Dollar Tree during the fourth quarter worth about $25,000. Reflection Asset Management acquired a new stake in Dollar Tree in the 4th quarter valued at about $25,000. Covestor Ltd boosted its position in shares of Dollar Tree by 60.9% during the 4th quarter. Covestor Ltd now owns 222 shares of the company’s stock valued at $27,000 after purchasing an additional 84 shares in the last quarter. YANKCOM Partnership acquired a new position in shares of Dollar Tree in the 4th quarter worth approximately $31,000. Finally, Wilkerson Advisory Group LLC grew its stake in shares of Dollar Tree by 80.1% in the 1st quarter. Wilkerson Advisory Group LLC now owns 263 shares of the company’s stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.
Dollar Tree Stock Performance
Dollar Tree stock opened at $128.57 on Friday. The firm’s 50 day simple moving average is $116.85 and its 200-day simple moving average is $114.38. The company has a market cap of $24.71 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.47 and a beta of 0.65. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.16 and a quick ratio of 0.39. Dollar Tree, Inc. has a fifty-two week low of $84.71 and a fifty-two week high of $142.40.
Dollar Tree announced that its board has initiated a share repurchase program on Thursday, July 2nd that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Gordon Haskett raised shares of Dollar Tree from a “reduce” rating to a “hold” rating and set a $115.00 target price for the company in a research note on Thursday, June 4th. JPMorgan Chase & Co. lifted their price target on shares of Dollar Tree from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Weiss Ratings raised Dollar Tree from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Evercore raised Dollar Tree from a “hold” rating to an “outperform” rating in a research note on Wednesday, July 8th. Finally, Sanford C. Bernstein lifted their target price on Dollar Tree from $115.00 to $124.00 and gave the stock a “market perform” rating in a report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Dollar Tree currently has a consensus rating of “Hold” and an average price target of $122.68.
Get Our Latest Stock Report on DLTR
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.
Featured Stories
- Five stocks we like better than Dollar Tree
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR – Free Report).
Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.
