Thompson Siegel & Walmsley LLC Boosts Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Thompson Siegel & Walmsley LLC raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 46.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 623,859 shares of the company’s stock after purchasing an additional 198,676 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Dollar Tree were worth $46,752,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLTR. Principal Financial Group Inc. raised its position in Dollar Tree by 0.6% in the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company’s stock valued at $16,346,000 after purchasing an additional 1,485 shares during the period. Atria Investments Inc grew its stake in shares of Dollar Tree by 16.4% in the third quarter. Atria Investments Inc now owns 15,927 shares of the company’s stock valued at $1,120,000 after buying an additional 2,244 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in shares of Dollar Tree by 46.5% in the third quarter. Chartwell Investment Partners LLC now owns 28,169 shares of the company’s stock valued at $1,981,000 after buying an additional 8,935 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Dollar Tree by 82.0% in the third quarter. Venturi Wealth Management LLC now owns 4,721 shares of the company’s stock valued at $332,000 after buying an additional 2,127 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Dollar Tree in the third quarter valued at $457,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 5.7 %

Dollar Tree stock opened at $61.92 on Thursday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $137.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a market capitalization of $13.31 billion, a P/E ratio of -12.98, a PEG ratio of 2.16 and a beta of 0.91. The stock has a 50-day simple moving average of $72.37 and a 200-day simple moving average of $71.23.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DLTR. Loop Capital lifted their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. BMO Capital Markets boosted their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, December 5th. Guggenheim lowered their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, December 6th. Citigroup boosted their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $75.00 target price on shares of Dollar Tree in a research note on Thursday, March 6th. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $84.79.

Dollar Tree 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.