Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 222,727 shares of the company’s stock after buying an additional 3,711 shares during the quarter. Victory Capital Management Inc.’s holdings in Dollar Tree were worth $31,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Dollar Tree by 5.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,808,184 shares of the company’s stock worth $298,931,000 after purchasing an additional 135,826 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Dollar Tree by 1.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,385,299 shares of the company’s stock worth $253,915,000 after acquiring an additional 36,944 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Dollar Tree by 0.8% in the 3rd quarter. Northern Trust Corp now owns 2,218,405 shares of the company’s stock worth $236,149,000 after acquiring an additional 16,813 shares during the period. American Century Companies Inc. increased its stake in Dollar Tree by 11.2% in the 3rd quarter. American Century Companies Inc. now owns 2,111,343 shares of the company’s stock valued at $224,752,000 after purchasing an additional 212,527 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Dollar Tree by 24.7% during the third quarter. Invesco Ltd. now owns 1,966,962 shares of the company’s stock worth $209,383,000 after purchasing an additional 389,718 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Price Performance

DLTR opened at $121.67 on Wednesday. Dollar Tree, Inc. has a 1 year low of $102.77 and a 1 year high of $161.10. The company’s 50 day simple moving average is $130.46 and its 200 day simple moving average is $129.65. The stock has a market capitalization of $26.52 billion, a PE ratio of -26.34, a P/E/G ratio of 1.14 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same period in the prior year, the business earned $2.04 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts expect that Dollar Tree, Inc. will post 6.92 EPS for the current year.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 1,000 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were bought at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the acquisition, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Jeffrey A. Davis purchased 1,800 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was bought at an average cost of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now directly owns 6,225 shares of the company’s stock, valued at $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DLTR has been the topic of several research reports. KeyCorp raised Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 target price on the stock in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a report on Monday, April 15th. BMO Capital Markets reduced their price target on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, March 14th. Evercore ISI dropped their price objective on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Finally, Loop Capital reduced their target price on Dollar Tree from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $150.05.

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.