Alliancebernstein L.P. Buys 180,364 Shares of Dollar Tree, Inc. $DLTR

Alliancebernstein L.P. lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,926,586 shares of the company’s stock after purchasing an additional 180,364 shares during the period. Alliancebernstein L.P. owned 1.93% of Dollar Tree worth $370,552,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in shares of Dollar Tree by 3,237.4% in the first quarter. NewEdge Advisors LLC now owns 13,750 shares of the company’s stock valued at $1,032,000 after buying an additional 13,338 shares during the last quarter. Woodline Partners LP raised its stake in Dollar Tree by 40.7% in the 1st quarter. Woodline Partners LP now owns 17,078 shares of the company’s stock valued at $1,282,000 after acquiring an additional 4,941 shares during the period. Focus Partners Wealth raised its stake in Dollar Tree by 2.0% in the 1st quarter. Focus Partners Wealth now owns 10,646 shares of the company’s stock valued at $799,000 after acquiring an additional 213 shares during the period. Sivia Capital Partners LLC acquired a new stake in Dollar Tree during the 2nd quarter valued at $257,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Dollar Tree during the second quarter worth $662,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $107.46 on Monday. Dollar Tree, Inc. has a 52 week low of $61.87 and a 52 week high of $142.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96. The firm’s 50-day simple moving average is $125.92 and its 200 day simple moving average is $112.81. The firm has a market cap of $21.37 billion, a price-to-earnings ratio of -7.99, a P/E/G ratio of 1.34 and a beta of 0.73.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DLTR shares. BTIG Research reissued a “neutral” rating on shares of Dollar Tree in a research report on Monday, March 9th. Piper Sandler reaffirmed a “neutral” rating and set a $114.00 target price (up from $108.00) on shares of Dollar Tree in a report on Thursday, December 4th. Wells Fargo & Company upped their price target on shares of Dollar Tree from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. BMO Capital Markets cut shares of Dollar Tree from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $110.00 to $95.00 in a report on Friday, February 13th. Finally, Bank of America raised their price objective on shares of Dollar Tree from $75.00 to $85.00 and gave the stock an “underperform” rating in a research report on Thursday, December 4th. Eight 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, Dollar Tree has a consensus rating of “Hold” and an average price target of $124.62.

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.