Bank of Montreal Can Has $92.97 Million Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Bank of Montreal Can grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 110.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 870,711 shares of the company’s stock after purchasing an additional 457,152 shares during the quarter. Bank of Montreal Can owned about 0.41% of Dollar Tree worth $92,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors raised its holdings in shares of Dollar Tree by 2.8% in the 4th quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock valued at $2,501,314,000 after purchasing an additional 487,180 shares during the period. Capital International Investors raised its stake in Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after buying an additional 2,445,827 shares during the period. FIL Ltd lifted its position in shares of Dollar Tree by 96.0% in the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock valued at $454,224,000 after buying an additional 1,566,392 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after buying an additional 73,588 shares during the last quarter. Finally, Primecap Management Co. CA lifted its stake in shares of Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock worth $306,693,000 after buying an additional 957,275 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DLTR. Piper Sandler decreased their price target on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Melius Research started coverage on Dollar Tree in a research note on Monday. They set a “hold” rating and a $70.00 target price on the stock. The Goldman Sachs Group reduced their price target on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Loop Capital lowered Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a report on Thursday, September 5th. Finally, Telsey Advisory Group dropped their target price on Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $91.40.

Insider Activity at Dollar Tree

In related news, Director Daniel J. Heinrich bought 2,200 shares of the business’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. The purchase was disclosed in a filing with the SEC, which is available through this link. 6.80% of the stock is currently owned by company insiders.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $71.29 on Wednesday. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of -15.53, a PEG ratio of 2.82 and a beta of 0.87. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $89.40 and its 200-day moving average price is $108.23. Dollar Tree, Inc. has a 12 month low of $60.81 and a 12 month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts forecast that Dollar Tree, Inc. will post 5.33 EPS for the current year.

Dollar Tree Company 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.