Thompson Siegel & Walmsley LLC Increases Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Thompson Siegel & Walmsley LLC lifted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 46.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 623,859 shares of the company’s stock after purchasing an additional 198,676 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.29% of Dollar Tree worth $46,752,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Assetmark Inc. raised its stake in shares of Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Dollar Tree during the fourth quarter worth about $30,000. Parkside Financial Bank & Trust grew its holdings in Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after acquiring an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after acquiring an additional 210 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DLTR. Citigroup raised their target price on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Evercore ISI dropped their target price on Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Loop Capital raised their price objective on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 price objective on shares of Dollar Tree in a report on Thursday, March 6th. Finally, Truist Financial raised their price objective on Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $84.79.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $61.92 on Thursday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $137.14. The company has a market cap of $13.31 billion, a price-to-earnings ratio of -12.98, a PEG 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. The business’s 50 day moving average price is $72.37 and its 200 day moving average price is $71.23.

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.