Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 593.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 454,579 shares of the company's stock after purchasing an additional 389,011 shares during the quarter. Victory Capital Management Inc. owned 0.21% of Dollar Tree worth $34,125,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in shares of Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after buying an additional 346 shares during the last quarter. Hurley Capital LLC purchased a new position in Dollar Tree during the fourth quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new position in Dollar Tree during the fourth quarter worth approximately $43,000. CX Institutional purchased a new position in Dollar Tree during the first quarter worth approximately $43,000. Finally, Sentry Investment Management LLC purchased a new position in Dollar Tree during the first quarter worth approximately $48,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $94.62, for a total value of $1,989,480.12. Following the transaction, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.60% of the stock is owned by corporate insiders.

Dollar Tree Stock Up 2.0%

NASDAQ:DLTR traded up $2.19 on Monday, reaching $112.31. The stock had a trading volume of 3,489,581 shares, compared to its average volume of 4,234,669. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $96.67 and a 200 day moving average of $81.59. The stock has a market cap of $23.44 billion, a P/E ratio of -8.10, a price-to-earnings-growth ratio of 2.36 and a beta of 0.86. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $113.40.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter last year, the company posted $1.43 earnings per share. The company's quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree declared that its board has approved a share buyback plan on Wednesday, July 9th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 11.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Evercore ISI increased their price target on Dollar Tree from $92.00 to $94.00 and gave the stock an "in-line" rating in a research report on Tuesday, June 24th. Morgan Stanley increased their price target on Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Barclays raised Dollar Tree from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $95.00 to $138.00 in a report on Monday. Piper Sandler increased their target price on Dollar Tree from $72.00 to $93.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Finally, UBS Group increased their target price on Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $96.42.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.