Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. raised its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 6.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,250 shares of the company’s stock after acquiring an additional 200 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Dollar Tree were worth $229,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Primecap Management Co. CA increased its holdings in shares of Dollar Tree by 50.0% in the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after purchasing an additional 957,275 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Dollar Tree by 14.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,837,433 shares of the company’s stock valued at $377,804,000 after acquiring an additional 348,442 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Dollar Tree by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock worth $266,124,000 after acquiring an additional 138,042 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Dollar Tree by 6.6% in the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock worth $213,958,000 after acquiring an additional 124,021 shares during the period. Finally, Burgundy Asset Management Ltd. increased its stake in Dollar Tree by 0.7% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,851,494 shares of the company’s stock valued at $246,526,000 after purchasing an additional 12,845 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company decreased their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Piper Sandler dropped their target price on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research report on Thursday, September 5th. Finally, Melius Research started coverage on Dollar Tree in a research report on Monday, September 23rd. They set a “hold” rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $88.11.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $61.41 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The firm has a market capitalization of $13.20 billion, a price-to-earnings ratio of -12.58, a price-to-earnings-growth ratio of 2.65 and a beta of 0.87. Dollar Tree, Inc. has a one year low of $60.52 and a one year high of $151.21. The company has a 50 day moving average price of $68.87 and a 200 day moving average price of $94.36.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.32 EPS for the current year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of Dollar Tree stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.

Dollar Tree Company Profile

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.