Tabor Asset Management LP Buys 19,077 Shares of Dollar Tree, Inc. $DLTR

Tabor Asset Management LP increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 86.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,080 shares of the company’s stock after purchasing an additional 19,077 shares during the period. Dollar Tree comprises about 2.3% of Tabor Asset Management LP’s investment portfolio, making the stock its 19th largest position. Tabor Asset Management LP’s holdings in Dollar Tree were worth $3,877,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Capital International Sarl lifted its stake in Dollar Tree by 3.2% during the third quarter. Capital International Sarl now owns 6,963 shares of the company’s stock worth $657,000 after purchasing an additional 217 shares during the period. Legal & General Group Plc grew its stake in shares of Dollar Tree by 0.5% in the 3rd quarter. Legal & General Group Plc now owns 1,254,747 shares of the company’s stock valued at $118,410,000 after purchasing an additional 6,124 shares during the period. Pinkerton Wealth LLC raised its holdings in shares of Dollar Tree by 119.4% in the 3rd quarter. Pinkerton Wealth LLC now owns 19,586 shares of the company’s stock worth $1,848,000 after buying an additional 10,657 shares in the last quarter. Vestcor Inc raised its holdings in shares of Dollar Tree by 119.0% in the 3rd quarter. Vestcor Inc now owns 8,293 shares of the company’s stock worth $783,000 after buying an additional 4,507 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Dollar Tree during the 3rd quarter worth approximately $5,894,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Up 0.1%

NASDAQ:DLTR opened at $115.85 on Tuesday. The stock’s fifty day moving average price is $126.89 and its two-hundred day moving average price is $112.81. The company has a market cap of $23.04 billion, a price-to-earnings ratio of -8.61, a P/E/G ratio of 1.44 and a beta of 0.73. Dollar Tree, Inc. has a 52-week low of $61.80 and a 52-week high of $142.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DLTR shares. Citigroup reiterated a “neutral” rating and set a $132.00 price objective on shares of Dollar Tree in a research note on Friday, February 27th. Bank of America lifted their price target on shares of Dollar Tree from $75.00 to $85.00 and gave the company an “underperform” rating in a report on Thursday, December 4th. Rothschild & Co Redburn set a $165.00 price objective on shares of Dollar Tree and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Guggenheim raised their price target on Dollar Tree from $125.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $75.00 price objective on shares of Dollar Tree in a research note on Wednesday, December 3rd. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $124.62.

Dollar Tree 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.