Deutsche Bank AG purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm purchased 930,253 shares of the company’s stock, valued at approximately $107,081,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers increased its holdings in shares of Dollar Tree by 0.4% in the fourth quarter. Cetera Investment Advisers now owns 21,420 shares of the company’s stock worth $2,635,000 after buying an additional 79 shares during the period. Optimize Financial Inc boosted its holdings in Dollar Tree by 1.4% during the 4th quarter. Optimize Financial Inc now owns 6,000 shares of the company’s stock valued at $738,000 after acquiring an additional 84 shares during the period. Covestor Ltd boosted its holdings in 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 acquiring an additional 84 shares during the period. Root Financial Partners LLC grew its position in Dollar Tree by 27.6% during the 4th quarter. Root Financial Partners LLC now owns 393 shares of the company’s stock worth $48,000 after acquiring an additional 85 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its stake in Dollar Tree by 7.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,208 shares of the company’s stock worth $149,000 after purchasing an additional 86 shares during the period. 97.40% of the stock is owned by institutional investors.
Dollar Tree Price Performance
Shares of DLTR stock opened at $131.84 on Thursday. The business’s fifty day moving average is $123.31 and its 200 day moving average is $114.18. The company has a quick ratio of 0.39, a current ratio of 1.16 and a debt-to-equity ratio of 0.84. The stock has a market cap of $25.34 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.49 and a beta of 0.64. Dollar Tree, Inc. has a twelve month low of $84.71 and a twelve month high of $142.40.
Dollar Tree declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 2nd that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Weiss Ratings upgraded Dollar Tree from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Dollar Tree from $99.00 to $102.00 and gave the stock a “hold” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. upped their price target on shares of Dollar Tree from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, July 6th. BNP Paribas Exane increased their price target on shares of Dollar Tree from $88.00 to $98.00 and gave the company an “underperform” rating in a research report on Friday, May 29th. Finally, Guggenheim raised their price target on shares of Dollar Tree from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $123.41.
View Our Latest Research Report on Dollar Tree
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.
Featured Stories
- Five stocks we like better than Dollar Tree
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
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.
