Ardevora Asset Management LLP reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR – Get Rating) by 1.9% in the fourth quarter, the company said in its recent 13F filing with the Securities and Exchange Commission (SEC). . . The fund owned 165,779 shares of the company after selling 3,258 shares during the quarter. Ardevora Asset Management LLP owned approximately 0.07% of Dollar Tree worth $23,448,000 at the end of the most recent quarter.
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A number of other institutional investors recently added to or reduced their holdings in the stock. Mantle Ridge LP increased its position in Dollar Tree by 11,365,431.0% during the first quarter. Mantle Ridge LP now owns 11,365,531 shares of the Company’s stock valued at $1,820,190,000, having purchased an additional 11,365,431 shares during the period. Assenagon Asset Management SA increased its position in Dollar Tree by 267.9% in the third quarter. Assenagon Asset Management SA now owns 1,409,680 shares of the company, valued at $191,857,000, having acquired an additional 1,026,482 shares during the period. invesco ltd added 69.3% to its position in Dollar Tree in the first quarter. invesco ltd now owns 1,825,658 shares of the Company’s shares valued at $292,377,000, having acquired an additional 747,162 shares during the period. Capital International Investors increased its position in Dollar Tree by 18.2% in the first quarter. Capital International Investors now owns 3,562,857 shares of the Company, valued at $570,592,000, having purchased an additional 548,597 shares during the period. Finally, Massachusetts Financial Services Co. MA added 13.6% to its position in Dollar Tree during the second quarter. Massachusetts Financial Services Co. MA now owns 3,440,243 shares of the Company’s stock valued at $536,162,000 after purchasing an additional 411,897 shares during the period. 97.04% of the shares are currently owned by institutional investors.
Analyst upgrades and downgrades
DLTR has been the subject of several research analyst reports. Gordon Haskett lowered Dollar Tree from a “buy” rating to an “accumulate” rating and set a price target of $163.00 for the company. in a report on Tuesday, January 24. Credit Suisse Group issued a “neutral” rating and a price target of $150.00 for shares of Dollar Tree in a report on Thursday, March 2. Morgan Stanley raised its price target on Dollar Tree to $150.00 from $145.00 and gave the company an “equal weight” rating in a report Thursday, March 2nd. Evercore ISI lowered its price target on Dollar Tree to $160.00 from $170.00 in a report on Wednesday, November 23. Finally, in a report on Thursday, March 2, JPMorgan Chase & Co. downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and lowered the company’s price target to 150 from $160.00, $00. Five research analysts have rated the stock with a hold rating and eight have rated the company’s stock with a buy. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.80.
Insiders place their bets
Also on Thursday, March 9, CEO Richard W. Dreiling purchased 7,100 shares of the company’s stock in one transaction. The shares were purchased at an average price of $142.00 per share for a total value of $1,008,200.00. Following the transaction, the Chief Executive Officer now directly owns 7,118 shares of the Company, valued at approximately $1,010,756. The acquisition was disclosed in a legal filing with the SEC, which can be accessed at this hyperlink. Insiders own 5.80% of the company’s shares.
Dollar Tree stock price performance
Shares of DLTR stock opened at $141.08 on Tuesday. The company has a debt to equity ratio of 0.39, a current ratio of 1.51 and a quick ratio of 0.22. Dollar Tree, Inc. has a 52-week low of $124.76 and a 52-week high of $177.19. The stock’s 50-day moving average is $146.37 and the two-hundred-day moving average is $146.31. The company has a market cap of $31.21 billion, a P/E of 19.57, a PEG ratio of 1.94 and a beta of 0.68.
Dollar Tree (NASDAQ:DLTR – Get Rating) last announced its earnings results on Wednesday, March 1st. The company reported earnings per share of $2.04 for the quarter, beating the consensus estimate of $2.03 by $0.01. Dollar Tree had a return on equity of 19.19% and a net margin of 5.70%. The company had revenue of $7.72 billion in the quarter, compared to analyst estimates of $7.61 billion. In the same period last year, the company posted $2.01 per share. The company’s revenue increased by 9.0% compared to the prior-year quarter. Analysts are predicting that Dollar Tree, Inc. will post earnings per share of 6.6 for the current fiscal year.
Dollar Tree company profile
Dollar Tree, Inc owns and operates discount stores that offer merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under the Dollar Tree and Dollar Tree Canada brands with distribution centers in the United States and Canada.
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