Robeco Institutional Asset Management B.V. Sells 242,231 Shares of Dollar Tree, Inc. $DLTR

Key Points

• Robeco Institutional Asset Management reduced its Dollar Tree stake by 25.7% in Q4, selling 242,231 shares and leaving 699,831 shares worth about $86.09 million (≈0.35% ownership).
• Analysts are mixed with a consensus Hold and an average price target of $123.24; Dollar Tree recently beat EPS estimates ($2.56 vs. $2.53) while revenue was roughly in line with expectations and the stock trades near $99.55.

Robeco Institutional Asset Management B.V. cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 25.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 699,831 shares of the company's stock after selling 242,231 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.35% of Dollar Tree worth $86,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Ritholtz Wealth Management lifted its holdings in shares of Dollar Tree by 67.9% in the 4th quarter. Ritholtz Wealth Management now owns 7,818 shares of the company's stock worth $962,000 after acquiring an additional 3,161 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth $239,000. V Square Quantitative Management LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth $415,000. Franklin Street Advisors Inc. NC purchased a new position in shares of Dollar Tree in the fourth quarter worth $246,000. Finally, Oak Thistle LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth $519,000. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Rothschild & Co Redburn set a $165.00 target price on shares of Dollar Tree and gave the stock a "buy" rating in a research note on Tuesday, February 17th. Bank of America boosted their price objective on shares of Dollar Tree from $85.00 to $89.00 and gave the company an "underperform" rating in a research report on Monday, March 16th. Piper Sandler reissued a "neutral" rating and set a $116.00 price objective (up from $114.00) on shares of Dollar Tree in a research report on Tuesday, March 17th. Morgan Stanley reduced their price objective on shares of Dollar Tree from $146.00 to $126.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 17th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Dollar Tree in a research report on Friday, March 27th. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $123.24.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $99.55 on Monday. The firm's 50-day moving average price is $116.48 and its 200-day moving average price is $113.79. The company has a market capitalization of $19.64 billion, a PE ratio of 15.93, a P/E/G ratio of 1.25 and a beta of 0.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 0.29. Dollar Tree, Inc. has a 1-year low of $68.93 and a 1-year high of $142.40.

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

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