Plato Investment Management Ltd Has $211,000 Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Plato Investment Management Ltd increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 39,550.0% in the 1st quarter, Holdings Channel reports. The firm owned 1,586 shares of the company’s stock after purchasing an additional 1,582 shares during the period. Plato Investment Management Ltd’s holdings in Dollar Tree were worth $211,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLTR. Raymond James Financial Services Advisors Inc. lifted its holdings in Dollar Tree by 2.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 14,787 shares of the company’s stock worth $2,100,000 after purchasing an additional 322 shares during the last quarter. Fifth Third Bancorp increased its position in Dollar Tree by 48.8% in the 4th quarter. Fifth Third Bancorp now owns 7,060 shares of the company’s stock worth $1,003,000 after buying an additional 2,315 shares during the period. DAVENPORT & Co LLC increased its position in Dollar Tree by 155.2% in the 4th quarter. DAVENPORT & Co LLC now owns 31,275 shares of the company’s stock worth $4,443,000 after buying an additional 19,019 shares during the period. Independence Bank of Kentucky increased its position in Dollar Tree by 15.0% in the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock worth $108,000 after buying an additional 99 shares during the period. Finally, Trust Point Inc. bought a new position in Dollar Tree in the 4th quarter worth approximately $230,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

Dollar Tree stock traded down $4.59 on Thursday, reaching $99.75. The company’s stock had a trading volume of 2,818,911 shares, compared to its average volume of 2,766,748. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 0.23. The business’s fifty day moving average price is $108.33 and its 200 day moving average price is $123.50. Dollar Tree, Inc. has a twelve month low of $99.67 and a twelve month high of $154.14.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting analysts’ consensus estimates of $1.43. The company had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a positive return on equity of 15.67% and a negative net margin of 3.23%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 earnings per share. As a group, equities research analysts forecast that Dollar Tree, Inc. will post 6.63 EPS for the current year.

Insiders Place Their Bets

In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the transaction, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several recent analyst reports. Citigroup downgraded Dollar Tree from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $163.00 to $120.00 in a research report on Thursday, June 6th. Truist Financial dropped their price target on Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. BMO Capital Markets dropped their price target on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Wells Fargo & Company dropped their price target on Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Dollar Tree from $135.00 to $148.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.55.

About Dollar Tree

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.