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

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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Evoke Wealth LLC lifted its position in shares of Dollar Tree by 23.5% during the 4th quarter. Evoke Wealth LLC now owns 3,128 shares of the company’s stock valued at $385,000 after buying an additional 596 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Dollar Tree during the 4th quarter valued at approximately $217,000. Twin Capital Management Inc. lifted its position in shares of Dollar Tree by 41.4% during the 4th quarter. Twin Capital Management Inc. now owns 11,715 shares of the company’s stock valued at $1,441,000 after buying an additional 3,428 shares in the last quarter. Callahan Advisors LLC lifted its position in shares of Dollar Tree by 6.2% during the 4th quarter. Callahan Advisors LLC now owns 5,965 shares of the company’s stock valued at $734,000 after buying an additional 350 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in Dollar Tree in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup reduced their price objective on Dollar Tree from $132.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Morgan Stanley reduced their price objective on Dollar Tree from $146.00 to $126.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 17th. BTIG Research reissued a “neutral” rating on shares of Dollar Tree in a research note on Monday, March 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price objective on shares of Dollar Tree in a research note on Tuesday, March 17th. Finally, Wall Street Zen downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $120.00.

Dollar Tree Stock Down 1.3%

NASDAQ DLTR opened at $93.70 on Wednesday. Dollar Tree, Inc. has a one year low of $84.71 and a one year high of $142.40. The company has a market cap 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 has a fifty day moving average price of $100.90 and a 200 day moving average price of $113.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the company earned $2.11 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts anticipate that Dollar Tree, Inc. will post 6.73 EPS for the current fiscal year.

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.