Victory Capital Management Inc. Grows Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Victory Capital Management Inc. grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 222,727 shares of the company’s stock after acquiring an additional 3,711 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of Dollar Tree worth $31,638,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DLTR. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Dollar Tree during the third quarter valued at $26,000. Operose Advisors LLC bought a new position in Dollar Tree during the 3rd quarter valued at about $34,000. Turtle Creek Wealth Advisors LLC bought a new position in Dollar Tree during the 4th quarter valued at about $35,000. City State Bank boosted its holdings in shares of Dollar Tree by 200.0% during the 4th quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new stake in shares of Dollar Tree in the fourth quarter worth approximately $52,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of research analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. Jefferies Financial Group reduced their price objective on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Guggenheim raised their target price on Dollar Tree from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Dollar Tree has a consensus rating of “Moderate Buy” and an average target price of $150.05.

Insiders Place Their Bets

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

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $121.67 on Wednesday. The stock has a 50-day moving average price of $130.46 and a 200 day moving average price of $129.65. The stock has a market capitalization of $26.52 billion, a P/E ratio of -26.34, a P/E/G ratio of 1.14 and a beta of 0.92. Dollar Tree, Inc. has a 12-month low of $102.77 and a 12-month high of $161.10. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.66 billion. During the same period last year, the business earned $2.04 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Dollar Tree, Inc. will post 6.92 EPS for the current fiscal year.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount 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.