Capital Research & Management Co recently announced the acquisition of new stake in Dollar Tree Inc. (NASDAQ:DLTR). The institutional investor has increased its shareholding in the Consumer Defensive company by 74.02% to 17.87 million shares with purchase of 7.6 million shares. This fresh investment now brings its stake to 7.98% valued currently at $2.83 billion. In addition, Fidelity Management & Research Co raised its holdings by 0.27 million to 9.9 million shares.
With over 7.39 million Dollar Tree Inc. (DLTR) shares trading Tuesday and a closing price of $152.37 on the day, the dollar volume was approximately $1.13 billion. The shares have shown a positive half year performance of 17.03% and its price on 11/22/22 lost nearly -7.79%. Currently, there are 224.20M common shares owned by the public and among those 221.03M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 26 analysts who have offered their price forecasts for DLTR have a consensus price objective of $168.05. The analysts have set the share’s price value over the next 12 months at a high of $195.00 and a low of $123.00. The average price target is 8.51% above its recent price level and a downside to the estimated low will see the stock lose -23.88% over that period. But an upside of 21.86% will see the stock hit the forecast high price target while median target price for the stock is $170.00.
Insiders at the company have transacted a total of 92 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 45 of these insider trades were purchases, accounting for 180,375 shares. Insider sales of the common stock occurred on 47 occasions, with total insider shares sold totaling 76,690 shares.
The top 3 mutual fund holders in Dollar Tree Inc. are American Funds Fundamental Invest, Vanguard Total Stock Market Index, and Vanguard Mid Cap Index Fund. American Funds Fundamental Invest owns 7.61 million shares of the company’s stock, all valued at over $1.21 billion. The company bought an additional 2.61 million shares recently to bring their total holdings to about 3.40% of the shares outstanding. Vanguard Total Stock Market Index bought 33461.0 shares to see its total holdings expand to 6.38 million shares valued at over $1.01 billion and representing 2.85% of the shares outstanding. Vanguard Mid Cap Index Fund bought 61587.0 shares to bring its total holdings to over 4.97 million shares at a value of $787.64 million. Vanguard Mid Cap Index Fund now owns shares totaling to 2.22% of the shares outstanding.
Shares of Dollar Tree Inc. (NASDAQ: DLTR) opened at $154.39, down -$10.85 from a prior closing price of $165.24. However, the script later moved the day high at 156.18, down -7.79%. The company’s stock has a 5-day price change of -9.75% and -8.20% over the past three months. DLTR shares are trading 8.43% year to date (YTD), with the 12-month market performance up to 14.94% higher. It has a 12-month low price of $123.62 and touched a high of $177.19 over the same period. DLTR has an average intraday trading volume of 2.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.81%, 2.83%, and -1.07% respectively.
Institutional ownership of Dollar Tree Inc. (NASDAQ: DLTR) 224.20M shares outstanding. Mutual fund holders own 40.81%, while other institutional holders and individual stakeholders account for 59.79% and 10.24% respectively.
It has a market capitalization of $34.19B and a beta (3y monthly) value of 0.72. The stock’s trailing 12-month PE ratio is 22.04, while the earnings-per-share (ttm) stands at $6.91. The company has a PEG of 1.06 and a Quick Ratio of 0.20 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.07% over the week and 3.19% over the month.
Analysts forecast that Dollar Tree Inc. (DLTR) will achieve an EPS of $1.18 for the current quarter, $2.12 for the next quarter and $8.27 for 2024. The lowest estimate earnings-per-share for the quarter is $1.1 while analysts give the company a high EPS estimate of $1.25. Comparatively, EPS for the current quarter was $0.96 a year ago. Earnings per share for the fiscal year are expected to increase by 2.50%, and 12.79% over the next financial year. EPS should grow at an annualized rate of 20.83% over the next five years, compared to 8.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 26 brokerage firm advisors rate Dollar Tree Inc. (DLTR) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 13 Wall Street analysts polled rate the stock as a buy, while 9 of the 26 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the DLTR, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on March 09, 2022, with the firm’s price target at $157-$181. Loop Capital coverage for the Dollar Tree Inc. (DLTR) stock in a research note released on March 09, 2022 offered a Buy rating with a price target of $200. BMO Capital Markets was of a view on February 28, 2022 that the stock is Outperform, while Telsey Advisory Group gave the stock Outperform rating on February 23, 2022, issuing a price target of $175- $180. Truist on their part issued Buy rating on January 13, 2022.