T. Rowe Price Investment Management Inc. Has $743.46 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

T. Rowe Price Investment Management Inc. grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,920,748 shares of the company's stock after purchasing an additional 533,920 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 4.61% of Dollar Tree worth $743,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its position in shares of Dollar Tree by 784.2% during the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock worth $328,040,000 after buying an additional 3,882,324 shares during the period. Norges Bank acquired a new stake in Dollar Tree during the 4th quarter worth $171,149,000. Capital International Investors raised its position in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock valued at $656,000,000 after acquiring an additional 2,023,819 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $113,315,000. Finally, Primecap Management Co. CA boosted its position in shares of Dollar Tree by 31.3% in the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock worth $298,143,000 after purchasing an additional 947,580 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DLTR shares. Telsey Advisory Group upped their price objective on Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a report on Thursday, March 27th. Wells Fargo & Company lifted their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Guggenheim lowered their target price on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Bank of America reduced their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Truist Financial set a $84.00 price target on Dollar Tree in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $81.84.

Dollar Tree Stock Performance

Dollar Tree stock traded down $0.41 during trading hours on Monday, hitting $80.16. The company had a trading volume of 1,277,960 shares, compared to its average volume of 4,555,162. The firm has a 50-day moving average of $71.96 and a 200 day moving average of $70.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm has a market cap of $17.24 billion, a PE ratio of -16.80, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.55 EPS. On average, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Activity

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William W. Douglas III bought 701 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.80% of the company's stock.

About Dollar Tree

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.