Dollar Tree, Inc. (NASDAQ:DLTR) Stock Holdings Increased by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 48.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,060 shares of the company’s stock after purchasing an additional 2,315 shares during the quarter. Fifth Third Bancorp’s holdings in Dollar Tree were worth $1,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Dollar Tree in the 3rd quarter worth approximately $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $27,000. Farther Finance Advisors LLC raised its holdings in shares of Dollar Tree by 111.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 228 shares of the company’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of Dollar Tree in the 3rd quarter worth approximately $34,000. Finally, VitalStone Financial LLC bought a new stake in shares of Dollar Tree in the 1st quarter worth approximately $34,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Performance

DLTR stock opened at $129.74 on Friday. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $28.28 billion, a price-to-earnings ratio of -28.08, a P/E/G ratio of 1.27 and a beta of 0.90. Dollar Tree, Inc. has a 12 month low of $102.77 and a 12 month high of $161.10. The firm has a 50 day moving average of $138.32 and a two-hundred day moving average of $126.86.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.12). The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.04 earnings per share. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 6.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was bought at an average cost of $136.00 per share, with a total value of $244,800.00. Following the completion of the transaction, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Daniel J. Heinrich acquired 1,000 shares of Dollar Tree stock in a transaction dated Monday, March 18th. The stock was acquired at an average cost of $127.85 per share, for a total transaction of $127,850.00. Following the completion of the purchase, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction dated Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the purchase, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DLTR shares. Truist Financial cut their price target on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Oppenheimer restated a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. Jefferies Financial Group cut their price target on shares of Dollar Tree from $130.00 to $128.00 in a report on Thursday, March 14th. TheStreet lowered shares of Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Finally, Evercore ISI boosted their price target on shares of Dollar Tree from $144.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $149.80.

Dollar Tree Profile

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.