Lecap Asset Management Ltd. Acquires New Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Lecap Asset Management Ltd. purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 25,321 shares of the company’s stock, valued at approximately $1,898,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DLTR. Equity Investment Corp boosted its holdings in shares of Dollar Tree by 95.9% in 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 during the period. Canoe Financial LP acquired a new position in shares of Dollar Tree in the third quarter valued at approximately $46,576,000. State Street Corp boosted its holdings in shares of 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 buying an additional 596,191 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Dollar Tree by 238.7% in the third quarter. Assenagon Asset Management S.A. now owns 693,950 shares of the company’s stock valued at $48,799,000 after buying an additional 489,074 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of Dollar Tree by 45.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company’s stock valued at $95,994,000 after buying an additional 425,245 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

DLTR has been the subject of several research analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Truist Financial increased their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Sanford C. Bernstein initiated coverage on shares of Dollar Tree in a report on Tuesday, October 22nd. They set a “market perform” rating and a $76.00 target price for the company. Finally, BMO Capital Markets increased their target price on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.58.

Dollar Tree Price Performance

Shares of DLTR opened at $74.52 on Friday. The firm has a market capitalization of $16.02 billion, a PE ratio of -15.62, a PEG ratio of 2.34 and a beta of 0.89. The company’s 50-day moving average is $72.83 and its 200-day moving average is $76.06. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 earnings per share. Equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.