Robeco Institutional Asset Management B.V. grew its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 9.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,299 shares of the company’s stock after acquiring an additional 531 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Dollar Tree were worth $663,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in DLTR. Executive Wealth Management LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth $26,000. Parkside Financial Bank & Trust raised its stake in shares of Dollar Tree by 47.3% in the first quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock worth $32,000 after purchasing an additional 97 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth $31,000. Riverview Trust Co purchased a new position in shares of Dollar Tree in the fourth quarter worth $32,000. Finally, Rehmann Capital Advisory Group raised its stake in shares of Dollar Tree by 131.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 382 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. 92.86% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on DLTR shares. Raymond James set a $107.00 price target on Dollar Tree and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Morgan Stanley boosted their price target on Dollar Tree from $90.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. ValuEngine upgraded Dollar Tree from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. TheStreet cut Dollar Tree from a “b” rating to a “c” rating in a research note on Wednesday, March 6th. Finally, Evercore ISI started coverage on Dollar Tree in a research note on Wednesday, March 20th. They issued an “inline” rating and a $90.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Dollar Tree has a consensus rating of “Buy” and an average price target of $102.89.
Dollar Tree stock opened at $100.39 on Monday. The firm has a market cap of $23.95 billion, a P/E ratio of 18.42, a PEG ratio of 1.94 and a beta of 0.44. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.05 and a quick ratio of 0.36. Dollar Tree, Inc. has a one year low of $78.78 and a one year high of $111.61.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.01. Dollar Tree had a positive return on equity of 18.21% and a negative net margin of 6.97%. The firm had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, research analysts anticipate that Dollar Tree, Inc. will post 5.27 earnings per share for the current year.
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Dollar Tree Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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