Assenagon Asset Management S.A. Raises Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Assenagon Asset Management S.A. increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 706,838 shares of the company’s stock after acquiring an additional 12,888 shares during the quarter. Assenagon Asset Management S.A. owned about 0.33% of Dollar Tree worth $52,970,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DLTR. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree during the 4th quarter valued at approximately $30,000. Eastern Bank purchased a new stake in shares of Dollar Tree during the third quarter worth $34,000. First Horizon Advisors Inc. boosted its holdings in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after purchasing an additional 554 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Dollar Tree during the 3rd quarter worth about $48,000. 97.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DLTR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Evercore ISI dropped their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Finally, Piper Sandler reiterated a “neutral” rating and set a $72.00 target price (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree currently has an average rating of “Hold” and an average target price of $85.58.

Dollar Tree Trading Up 0.2 %

Shares of NASDAQ DLTR opened at $70.34 on Thursday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. The business has a fifty day moving average price of $70.29 and a 200 day moving average price of $79.57. The stock has a market capitalization of $15.12 billion, a P/E ratio of -14.75, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same period in the prior year, the firm posted $0.97 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Equities research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.