Madison Investment Advisors LLC Acquires New Shares in Dollar Tree, Inc. (NASDAQ:DLTR)

Madison Investment Advisors LLC bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,512,075 shares of the company’s stock, valued at approximately $113,315,000. Dollar Tree makes up about 1.3% of Madison Investment Advisors LLC’s investment portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. lifted its position in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares during the period. Versant Capital Management Inc purchased a new stake in Dollar Tree in the fourth quarter worth $30,000. Parkside Financial Bank & Trust increased its stake in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after purchasing an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Dollar Tree by 105.6% in the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $61.92 on Thursday. The firm has a market cap of $13.31 billion, a P/E ratio of -12.98, a P/E/G ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $137.14. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is $72.37 and its 200-day moving average price is $71.23.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DLTR shares. Loop Capital raised their price target on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. BMO Capital Markets boosted their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Wells Fargo & Company reduced their price target on shares of Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Finally, Evercore ISI lowered their price objective on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.