North Dakota State Investment Board Makes New $3.14 Million Investment in Dollar Tree, Inc. $DLTR

North Dakota State Investment Board purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,487 shares of the company’s stock, valued at approximately $3,135,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in shares of Dollar Tree by 261.9% during the 4th quarter. SG Americas Securities LLC now owns 177,196 shares of the company’s stock valued at $21,797,000 after acquiring an additional 128,230 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Dollar Tree by 54.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 670,753 shares of the company’s stock valued at $82,509,000 after acquiring an additional 235,626 shares during the period. Federated Hermes Inc. grew its position in shares of Dollar Tree by 2.2% during the 3rd quarter. Federated Hermes Inc. now owns 751,744 shares of the company’s stock valued at $70,942,000 after acquiring an additional 15,829 shares during the period. Nordea Investment Management AB grew its position in shares of Dollar Tree by 18.0% during the 4th quarter. Nordea Investment Management AB now owns 858,636 shares of the company’s stock valued at $106,110,000 after acquiring an additional 130,741 shares during the period. Finally, Fairfax Financial Holdings Ltd. Can acquired a new stake in shares of Dollar Tree during the 3rd quarter valued at about $4,186,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Trading Up 1.8%

DLTR stock opened at $91.23 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 0.65. Dollar Tree, Inc. has a 12-month low of $84.71 and a 12-month high of $142.40. The stock has a market cap of $17.77 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.12 and a beta of 0.61. The business’s 50-day moving average is $103.25 and its 200 day moving average is $114.30.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Monday, March 16th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the previous year, the firm posted $2.11 EPS. Dollar Tree’s revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 6.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of analyst reports. Truist Financial dropped their target price on Dollar Tree from $156.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Barclays restated an “overweight” rating on shares of Dollar Tree in a research report on Monday, March 16th. Jefferies Financial Group raised their target price on Dollar Tree from $75.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, March 17th. Piper Sandler restated a “neutral” rating and set a $116.00 target price (up from $114.00) on shares of Dollar Tree in a research report on Tuesday, March 17th. Finally, Weiss Ratings cut Dollar Tree from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $121.86.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.