RD Lewis Holdings Inc. Acquires Shares of 5,739 Dollar Tree, Inc. (NASDAQ:DLTR)

RD Lewis Holdings Inc. acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, Holdings Channel.com reports. The fund acquired 5,739 shares of the company’s stock, valued at approximately $417,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock valued at $662,971,000 after buying an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. raised its stake in Dollar Tree by 0.5% during the third quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock valued at $487,987,000 after buying an additional 35,862 shares in the last quarter. Primecap Management Co. CA raised its stake in Dollar Tree by 31.3% during the fourth quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock valued at $298,143,000 after buying an additional 947,580 shares in the last quarter. Janus Henderson Group PLC raised its stake in Dollar Tree by 9.8% during the third quarter. Janus Henderson Group PLC now owns 1,844,762 shares of the company’s stock valued at $129,724,000 after buying an additional 165,398 shares in the last quarter. Finally, Equity Investment Corp raised its stake in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Loop Capital upped 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. Jefferies Financial Group upped their target price on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Truist Financial upped their target price on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company lowered their target price on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.79.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $65.79 on Tuesday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $137.14. The stock has a fifty day moving average of $71.77 and a 200-day moving average of $70.50. The company has a market capitalization of $14.14 billion, a PE ratio of -13.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

About Dollar Tree

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.