Patton Fund Management Inc. Boosts Holdings in Dollar Tree, Inc. $DLTR

Key Points

• Patton Fund Management boosted its stake in Dollar Tree by 2,486.7% in Q4, buying an additional 67,961 shares to hold 70,694 shares worth $8.696 million, making DLTR 1.2% of the fund's portfolio and its 15th largest position.
• Several other institutions also increased positions (e.g., SG Americas +261.9%, Assenagon +54.2%), and institutional/hedge fund ownership of DLTR sits at 97.40%.
• Analyst coverage is mixed with an average rating of "Hold" and a mean target of $123.24, while Dollar Tree reported Q4 EPS of $2.56 (beat) and revenue up 9% year-over-year; shares recently traded near $102 with a 52‑week range of $70.71–$142.40.

Patton Fund Management Inc. boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 2,486.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,694 shares of the company's stock after purchasing an additional 67,961 shares during the quarter. Dollar Tree comprises 1.2% of Patton Fund Management Inc.'s investment portfolio, making the stock its 15th biggest position. Patton Fund Management Inc.'s holdings in Dollar Tree were worth $8,696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DLTR. SG Americas Securities LLC raised its position in shares of Dollar Tree by 261.9% during the 4th quarter. SG Americas Securities LLC now owns 177,196 shares of the company's stock valued at $21,797,000 after buying an additional 128,230 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Dollar Tree by 54.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 670,753 shares of the company's stock valued at $82,509,000 after buying an additional 235,626 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Dollar Tree during the 3rd quarter valued at $770,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Dollar Tree by 4.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 541,021 shares of the company's stock valued at $51,056,000 after buying an additional 20,786 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Dollar Tree by 2.2% during the 3rd quarter. Federated Hermes Inc. now owns 751,744 shares of the company's stock valued at $70,942,000 after buying an additional 15,829 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DLTR has been the topic of several research reports. Jefferies Financial Group raised their price objective on shares of Dollar Tree from $75.00 to $80.00 and gave the company an "underperform" rating in a research report on Tuesday, March 17th. Citigroup lowered their price objective on shares of Dollar Tree from $132.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 17th. Rothschild & Co Redburn set a $165.00 price objective on shares of Dollar Tree and gave the company a "buy" rating in a research report on Tuesday, February 17th. BMO Capital Markets restated an "underperform" rating on shares of Dollar Tree in a research report on Tuesday, March 17th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $150.00 price objective on shares of Dollar Tree in a research report on Tuesday, March 17th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $123.24.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $102.13 on Tuesday. The stock has a market cap of $20.15 billion, a PE ratio of 16.34, a PEG ratio of 1.25 and a beta of 0.74. The company's fifty day moving average is $116.18 and its 200 day moving average is $113.85. Dollar Tree, Inc. has a 52 week low of $70.71 and a 52 week high of $142.40. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 0.65.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.03. The company had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.46 billion. Dollar Tree had a net margin of 6.61% and a return on equity of 32.24%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.11 EPS. Research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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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