Primecap Management Co. CA Has $298.14 Million Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Primecap Management Co. CA lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 31.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,978,425 shares of the company’s stock after purchasing an additional 947,580 shares during the period. Primecap Management Co. CA owned approximately 1.85% of Dollar Tree worth $298,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DLTR. Assetmark Inc. increased its stake in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after buying an additional 149 shares during the period. Deseret Mutual Benefit Administrators increased its stake in shares of Dollar Tree by 20.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock valued at $68,000 after buying an additional 157 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Dollar Tree by 5.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock valued at $254,000 after buying an additional 180 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares during the period. Finally, Metis Global Partners LLC increased its stake in shares of Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company’s stock valued at $508,000 after buying an additional 220 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DLTR shares. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Wells Fargo & Company reduced their price target on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Telsey Advisory Group restated a “market perform” rating and issued a $75.00 price target on shares of Dollar Tree in a research report on Thursday, March 6th. Loop Capital raised their price target on Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets raised their price target on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree currently has a consensus rating of “Hold” and a consensus price target of $84.79.

Dollar Tree Stock Up 1.9 %

Shares of NASDAQ:DLTR opened at $65.79 on Tuesday. The company has a fifty day moving average of $71.77 and a 200-day moving average of $70.50. The company has a market capitalization of $14.14 billion, a PE ratio of -13.79, a price-to-earnings-growth 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. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $137.14.

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.