Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 26.1% during the fourth quarter, Holdings Channel reports. The firm owned 22,524 shares of the company’s stock after acquiring an additional 4,662 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Dollar Tree were worth $1,688,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new position in shares of Dollar Tree in the fourth quarter valued at about $54,000. KBC Group NV boosted its stake in shares of Dollar Tree by 1.1% in the fourth quarter. KBC Group NV now owns 28,312 shares of the company’s stock worth $2,122,000 after buying an additional 313 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Dollar Tree by 47.8% in the fourth quarter. Blue Trust Inc. now owns 1,429 shares of the company’s stock worth $100,000 after buying an additional 462 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Dollar Tree by 69.8% in the fourth quarter. Fifth Third Bancorp now owns 9,418 shares of the company’s stock worth $706,000 after buying an additional 3,873 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Dollar Tree in the fourth quarter worth about $4,069,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Guggenheim lowered their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Sanford C. Bernstein initiated coverage on Dollar Tree in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 price target on the stock. Finally, Truist Financial increased their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree Price Performance

DLTR stock opened at $71.63 on Tuesday. The business has a fifty day moving average of $72.58 and a two-hundred day moving average of $76.56. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of -15.02, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.