AGP Franklin LLC Purchases Shares of 8,961 Dollar Tree, Inc. $DLTR

AGP Franklin LLC acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,961 shares of the company’s stock, valued at approximately $1,102,000.

Several other large investors have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Dollar Tree in the 3rd quarter worth about $29,000. YANKCOM Partnership acquired a new stake in Dollar Tree during the 4th quarter worth approximately $31,000. FNY Investment Advisers LLC acquired a new stake in Dollar Tree during the 3rd quarter worth approximately $37,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar Tree in the fourth quarter valued at approximately $39,000. Finally, Smartleaf Asset Management LLC raised its holdings in Dollar Tree by 90.5% in the third quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock valued at $40,000 after buying an additional 201 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 0.3%

Shares of NASDAQ DLTR opened at $102.25 on Friday. Dollar Tree, Inc. has a 1 year low of $78.70 and a 1 year high of $142.40. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.28 and a beta of 0.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.29 and a current ratio of 1.07. The stock’s 50-day simple moving average is $112.97 and its 200-day simple moving average is $114.13.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Monday, March 16th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. Dollar Tree had a return on equity of 32.24% and a net margin of 6.61%.The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the business posted $2.11 earnings per share. Dollar Tree’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 6.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price objective on shares of Dollar Tree in a research report on Tuesday, March 17th. Barclays reaffirmed an “overweight” rating on shares of Dollar Tree in a research report on Monday, March 16th. Jefferies Financial Group increased their price target on Dollar Tree from $75.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, March 17th. Piper Sandler reissued a “neutral” rating and issued a $116.00 price objective (up from $114.00) on shares of Dollar Tree in a research report on Tuesday, March 17th. Finally, BTIG Research restated a “neutral” rating on shares of Dollar Tree in a research note on Monday, March 9th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $122.76.

About Dollar Tree

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.