Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 706,838 shares of the company’s stock after acquiring an additional 12,888 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Dollar Tree were worth $52,970,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Versant Capital Management Inc acquired a new stake in Dollar Tree in the 4th quarter worth approximately $30,000. Eastern Bank purchased a new position in shares of Dollar Tree in the third quarter worth $34,000. First Horizon Advisors Inc. lifted its stake in shares of Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of Dollar Tree by 738.7% during the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after buying an additional 554 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Dollar Tree during the third quarter valued at $48,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 0.2 %

Shares of DLTR stock opened at $70.34 on Thursday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. The company has a market cap of $15.12 billion, a price-to-earnings ratio of -14.75, a PEG ratio of 2.23 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a 50 day simple moving average of $70.29 and a 200-day simple moving average of $79.57.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DLTR shares. Guggenheim lowered their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, December 6th. Citigroup lifted their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Loop Capital increased their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Redburn Atlantic upgraded shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Finally, Evercore ISI cut their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Seventeen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree presently has an average rating of “Hold” and a consensus target price of $85.58.

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.