Gamco Investors INC. ET AL Has $363,000 Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Gamco Investors INC. ET AL lifted its position in Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 102.6% in the third quarter, HoldingsChannel.com reports. The firm owned 3,408 shares of the company’s stock after acquiring an additional 1,726 shares during the period. Gamco Investors INC. ET AL’s holdings in Dollar Tree were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. ICA Group Wealth Management LLC acquired a new position in shares of Dollar Tree in the fourth quarter valued at $27,000. Farther Finance Advisors LLC raised its stake in Dollar Tree by 111.1% during the second quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock worth $33,000 after acquiring an additional 120 shares in the last quarter. VitalStone Financial LLC bought a new stake in shares of Dollar Tree during the first quarter worth $34,000. Alpha Paradigm Partners LLC bought a new stake in shares of Dollar Tree during the third quarter worth $35,000. Finally, Fred Alger Management LLC bought a new stake in shares of Dollar Tree during the third quarter worth $37,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLTR has been the topic of several recent research reports. Truist Financial raised their price target on Dollar Tree from $135.00 to $149.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Gordon Haskett upgraded Dollar Tree from an “accumulate” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Wednesday, February 7th. JPMorgan Chase & Co. raised Dollar Tree from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $122.00 to $157.00 in a research report on Monday, January 29th. Morgan Stanley dropped their price target on Dollar Tree from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $160.00 price target on shares of Dollar Tree in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.44.

Get Our Latest Stock Report on DLTR

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Ridge Lp Mantle bought 738,862 shares of Dollar Tree stock in a transaction dated Wednesday, December 20th. The stock was bought at an average cost of $134.37 per share, for a total transaction of $99,280,886.94. Following the purchase, the director now owns 12,104,493 shares of the company’s stock, valued at approximately $1,626,480,724.41. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.00% of the stock is currently owned by corporate insiders.

Dollar Tree Stock Down 1.0 %

NASDAQ:DLTR opened at $139.50 on Monday. The company has a quick ratio of 0.17, a current ratio of 1.36 and a debt-to-equity ratio of 0.38. Dollar Tree, Inc. has a twelve month low of $102.77 and a twelve month high of $161.10. The stock’s 50 day moving average price is $134.42 and its two-hundred day moving average price is $125.47. The firm has a market capitalization of $30.39 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 5.63 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTRGet Free Report) last issued its earnings results on Wednesday, November 29th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.04). Dollar Tree had a return on equity of 13.34% and a net margin of 3.92%. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that Dollar Tree, Inc. will post 6 earnings per share for the current fiscal year.

Dollar Tree Profile

(Free Report)

Dollar Tree, Inc operates discount variety retail 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.

Further Reading

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

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