Dollar Tree, Inc. $DLTR Holdings Raised by Pinkerton Wealth LLC

Pinkerton Wealth LLC lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 119.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,586 shares of the company’s stock after acquiring an additional 10,657 shares during the period. Pinkerton Wealth LLC’s holdings in Dollar Tree were worth $1,848,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its stake in Dollar Tree by 176.9% during the second quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock valued at $371,026,000 after purchasing an additional 2,393,172 shares during the last quarter. Norges Bank acquired a new stake in shares of Dollar Tree during the second quarter worth $185,784,000. Jupiter Asset Management Ltd. bought a new position in shares of Dollar Tree in the 3rd quarter worth about $118,811,000. Voya Investment Management LLC boosted its holdings in shares of Dollar Tree by 103.1% in the 3rd quarter. Voya Investment Management LLC now owns 2,406,748 shares of the company’s stock valued at $226,729,000 after buying an additional 1,222,028 shares during the period. Finally, EdgePoint Investment Group Inc. boosted its holdings in shares of Dollar Tree by 12.3% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 10,825,801 shares of the company’s stock valued at $1,072,187,000 after buying an additional 1,184,294 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DLTR has been the subject of a number of recent research reports. Truist Financial set a $156.00 price objective on shares of Dollar Tree in a research report on Friday, January 16th. Guggenheim lifted their target price on Dollar Tree from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Citigroup reaffirmed a “neutral” rating and set a $132.00 target price on shares of Dollar Tree in a report on Friday, February 27th. Barclays increased their price target on Dollar Tree from $136.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Finally, Wells Fargo & Company raised their price target on Dollar Tree from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $124.62.

Dollar Tree Stock Up 0.1%

DLTR stock opened at $115.85 on Tuesday. The stock has a market cap of $23.04 billion, a PE ratio of -8.61, a price-to-earnings-growth ratio of 1.44 and a beta of 0.73. The firm’s 50-day simple moving average is $126.89 and its 200 day simple moving average is $112.81. Dollar Tree, Inc. has a fifty-two week low of $61.80 and a fifty-two week high of $142.40. The company has a quick ratio of 0.22, a current ratio of 0.96 and a debt-to-equity ratio of 0.70.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.