Dimensional Fund Advisors LP Raises Stock Holdings in Dollar Tree, Inc. $DLTR

Key Points

• Dimensional Fund Advisors LP raised its stake in Dollar Tree by 6.3% in Q3 to 2,653,897 shares (about 1.30% ownership) valued at $250.4 million, while institutional investors collectively own 97.40% of the stock.
• Analysts are mixed on DLTR with a consensus rating of "Hold" and a consensus target price of $124.62, reflecting a split of 8 Buys, 9 Holds and 7 Sells and wide-ranging price targets.
• Dollar Tree beat Q3 EPS estimates ($1.21 vs. $1.09) and reported revenue up 9.4% to $4.75 billion, but the company shows a negative net margin (-15.4%) and a negative PE (-8.61); the stock was trading near $115.82 with a 52-week range of $61.80–$142.40.

Dimensional Fund Advisors LP boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,653,897 shares of the company's stock after purchasing an additional 156,633 shares during the quarter. Dimensional Fund Advisors LP owned about 1.30% of Dollar Tree worth $250,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new position in Dollar Tree in the third quarter worth about $29,000. True Wealth Design LLC boosted its holdings in shares of Dollar Tree by 372.5% in the 2nd quarter. True Wealth Design LLC now owns 378 shares of the company's stock valued at $37,000 after buying an additional 298 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 valued at $40,000 after buying an additional 201 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Dollar Tree in the 3rd quarter worth approximately $41,000. Finally, MTM Investment Management LLC purchased a new position in shares of Dollar Tree in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America boosted their price objective on shares of Dollar Tree from $75.00 to $85.00 and gave the stock an "underperform" rating in a research note on Thursday, December 4th. BNP Paribas Exane lowered shares of Dollar Tree from a "hold" rating to an "underperform" rating and set a $87.00 price target on the stock. in a report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a "sell" rating and set a $103.00 price target (down from $133.00) on shares of Dollar Tree in a research report on Thursday, November 13th. UBS Group increased their price objective on Dollar Tree from $135.00 to $138.00 and gave the company a "buy" rating in a report on Thursday, December 4th. Finally, Truist Financial set a $156.00 price objective on Dollar Tree in a research report on Friday, January 16th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $124.62.

Dollar Tree Stock Down 0.1%

Dollar Tree stock opened at $115.82 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96. The business's 50-day simple moving average is $127.05 and its two-hundred day simple moving average is $112.79. The company has a market cap of $23.03 billion, a PE ratio of -8.61, a PEG ratio of 1.44 and a beta of 0.73. Dollar Tree, Inc. has a fifty-two week low of $61.80 and a fifty-two week high of $142.40.

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

Insider Buying and Selling

In related news, insider Brent A. Beebe sold 2,200 shares of the company's stock in a transaction that occurred 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 in the company, valued at $1,712,691. This represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.60% of the stock is currently owned by corporate insiders.

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.

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