Neuberger Berman Group LLC Boosts Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Neuberger Berman Group LLC lifted its position in Dollar Tree, Inc. (NASDAQ:DLTRGet Rating) by 20.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 438,058 shares of the company’s stock after buying an additional 73,405 shares during the quarter. Neuberger Berman Group LLC’s holdings in Dollar Tree were worth $70,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sawtooth Solutions LLC purchased a new stake in shares of Dollar Tree in the 1st quarter valued at $222,000. Capital World Investors grew its stake in Dollar Tree by 47.1% during the 1st quarter. Capital World Investors now owns 5,794,623 shares of the company’s stock worth $928,009,000 after purchasing an additional 1,854,704 shares in the last quarter. Capital Research Global Investors grew its stake in Dollar Tree by 14.8% during the 1st quarter. Capital Research Global Investors now owns 1,213,306 shares of the company’s stock worth $194,311,000 after purchasing an additional 156,187 shares in the last quarter. Capital International Investors grew its stake in Dollar Tree by 18.2% during the 1st quarter. Capital International Investors now owns 3,562,857 shares of the company’s stock worth $570,592,000 after purchasing an additional 548,597 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new position in Dollar Tree during the 1st quarter worth $208,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com cut Dollar Tree from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. JPMorgan Chase & Co. upped their price objective on Dollar Tree from $171.00 to $176.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 6th. Citigroup upped their price objective on Dollar Tree from $162.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, May 31st. Guggenheim upped their price objective on Dollar Tree to $185.00 in a research report on Friday, May 27th. Finally, BMO Capital Markets upped their target price on Dollar Tree from $180.00 to $187.00 in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of “Moderate Buy” and a consensus target price of $163.47.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $141.92 on Friday. The company has a market cap of $31.78 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.20 and a beta of 0.74. The stock has a 50 day simple moving average of $157.58 and a 200-day simple moving average of $157.45. Dollar Tree, Inc. has a 12-month low of $84.26 and a 12-month high of $177.19. The company has a current ratio of 1.46, a quick ratio of 0.22 and a debt-to-equity ratio of 0.41.

Dollar Tree (NASDAQ:DLTRGet Rating) last issued its earnings results on Thursday, August 25th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.01. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.80 billion. Dollar Tree had a return on equity of 19.83% and a net margin of 5.77%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. On average, equities analysts forecast that Dollar Tree, Inc. will post 7.27 EPS for the current year.

Dollar Tree Profile

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Dollar Tree, Inc operates discount variety retail stores. It 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, including candy and food, and health and personal care, as well as everyday consumables, such as household paper and chemicals, 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.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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