Dollar Tree, Inc. $DLTR Shares Acquired by Broyhill Asset Management LLC

Broyhill Asset Management LLC increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 19.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 38,491 shares of the company’s stock after acquiring an additional 6,216 shares during the period. Dollar Tree makes up approximately 3.2% of Broyhill Asset Management LLC’s holdings, making the stock its 5th largest holding. Broyhill Asset Management LLC’s holdings in Dollar Tree were worth $3,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EdgePoint Investment Group Inc. grew its holdings in Dollar Tree by 12.3% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 10,825,801 shares of the company’s stock valued at $1,072,187,000 after purchasing an additional 1,184,294 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of Dollar Tree by 6.8% during the third quarter. Primecap Management Co. CA now owns 4,194,049 shares of the company’s stock valued at $395,792,000 after acquiring an additional 268,539 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Dollar Tree by 176.9% during the second quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock worth $371,026,000 after acquiring an additional 2,393,172 shares during the last quarter. London Co. of Virginia increased its position in shares of Dollar Tree by 51.0% during the second quarter. London Co. of Virginia now owns 2,840,104 shares of the company’s stock worth $281,284,000 after acquiring an additional 958,925 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Dollar Tree by 6.6% in the third quarter. Invesco Ltd. now owns 2,679,797 shares of the company’s stock worth $252,892,000 after acquiring an additional 165,732 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on DLTR. BMO Capital Markets downgraded Dollar Tree from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $110.00 to $95.00 in a report on Friday, February 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dollar Tree in a report on Tuesday. BTIG Research reiterated a “neutral” rating on shares of Dollar Tree in a research note on Monday. UBS Group raised their price objective on shares of Dollar Tree from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Finally, Evercore dropped their target price on shares of Dollar Tree from $165.00 to $160.00 and set an “in-line” rating for the company in a research report on Tuesday, February 3rd. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $124.62.

Dollar Tree Stock Down 3.8%

Shares of Dollar Tree stock opened at $107.46 on Friday. The stock has a market capitalization of $21.37 billion, a price-to-earnings ratio of -7.99, a PEG ratio of 1.39 and a beta of 0.73. Dollar Tree, Inc. has a twelve month low of $61.87 and a twelve month high of $142.40. The company has a current ratio of 0.96, a quick ratio of 0.22 and a debt-to-equity ratio of 0.70. The business’s 50 day simple moving average is $125.92 and its 200-day simple moving average is $112.80.

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.