Primecap Management Co. CA Has $298.14 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Primecap Management Co. CA boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 31.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,978,425 shares of the company’s stock after buying an additional 947,580 shares during the period. Primecap Management Co. CA’s holdings in Dollar Tree were worth $298,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp increased its holdings in Dollar Tree by 6.8% in the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after purchasing an additional 596,191 shares during the period. EdgePoint Investment Group Inc. grew its holdings in Dollar Tree by 0.5% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock worth $487,987,000 after acquiring an additional 35,862 shares during the period. Janus Henderson Group PLC grew its holdings in Dollar Tree by 9.8% during the 3rd quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock worth $129,724,000 after acquiring an additional 165,398 shares during the period. Equity Investment Corp grew its holdings in Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after acquiring an additional 746,913 shares during the period. Finally, Madison Investment Advisors LLC acquired a new stake in Dollar Tree during the 4th quarter worth about $113,315,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Trading Up 1.9 %

NASDAQ:DLTR opened at $65.79 on Tuesday. 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 firm has a market cap of $14.14 billion, a price-to-earnings ratio of -13.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $137.14. The firm has a 50-day moving average price of $71.77 and a two-hundred day moving average price of $70.50.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DLTR. Piper Sandler reiterated a “neutral” rating and set a $72.00 price target (up from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Truist Financial increased their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Loop Capital increased their price target on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, Citigroup increased their price objective on shares of Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $84.79.

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.