Fairfax Financial Holdings Ltd. Can Invests $4.19 Million in Dollar Tree, Inc. $DLTR

Key Points

• Fairfax Financial purchased 44,380 shares of Dollar Tree in Q3 valued at about $4.19 million, making the stock roughly 0.2% of Fairfax's portfolio and its 20th-largest holding.
• Institutional ownership of Dollar Tree is very high at 97.4%, with multiple funds recently adding to or initiating positions.
• Stock and analyst snapshot: DLTR opened at $107.46 (down 3.8%), has a $21.37B market cap and a negative P/E, and carries an average analyst rating of "Hold" with a $124.62 consensus price target.

Fairfax Financial Holdings Ltd. Can purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 44,380 shares of the company's stock, valued at approximately $4,186,000. Dollar Tree comprises approximately 0.2% of Fairfax Financial Holdings Ltd. Can's holdings, making the stock its 20th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in DLTR. NewEdge Advisors LLC grew its stake in shares of Dollar Tree by 3,237.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,750 shares of the company's stock valued at $1,032,000 after purchasing an additional 13,338 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Dollar Tree by 40.7% during the first quarter. Woodline Partners LP now owns 17,078 shares of the company's stock worth $1,282,000 after purchasing an additional 4,941 shares during the period. Focus Partners Wealth grew its position in Dollar Tree by 2.0% in the 1st quarter. Focus Partners Wealth now owns 10,646 shares of the company's stock valued at $799,000 after buying an additional 213 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Dollar Tree in the 2nd quarter valued at $257,000. Finally, Savant Capital LLC acquired a new position in Dollar Tree in the 2nd quarter valued at $853,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Trading Down 3.8%

Shares of DLTR opened at $107.46 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.70. The firm's 50-day moving average is $125.92 and its two-hundred day moving average is $112.80. Dollar Tree, Inc. has a twelve month low of $61.87 and a twelve month high of $142.40. The firm has a market capitalization of $21.37 billion, a P/E ratio of -7.99, a PEG ratio of 1.39 and a beta of 0.73.

Analyst Upgrades and Downgrades

DLTR has been the topic of several analyst reports. Piper Sandler reaffirmed a "neutral" rating and issued a $114.00 target price (up from $108.00) on shares of Dollar Tree in a report on Thursday, December 4th. BNP Paribas Exane downgraded shares of Dollar Tree from a "hold" rating to an "underperform" rating and set a $87.00 price objective for the company. in a research report on Wednesday, January 21st. Wells Fargo & Company boosted their target price on Dollar Tree from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Friday, December 19th. BTIG Research reissued a "neutral" rating on shares of Dollar Tree in a report on Monday. Finally, Guggenheim lifted their price target on Dollar Tree from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, December 4th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $124.62.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.