Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,455 shares of the company’s stock after buying an additional 1,485 shares during the quarter. Principal Financial Group Inc.’s holdings in Dollar Tree were worth $16,346,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Dollar Tree by 6.8% during the third quarter. State Street Corp now owns 9,427,910 shares of the company’s stock worth $662,971,000 after purchasing an additional 596,191 shares in the last quarter. EdgePoint Investment Group Inc. increased its position in shares of Dollar Tree by 0.5% during the third quarter. EdgePoint Investment Group Inc. now owns 6,939,526 shares of the company’s stock worth $487,987,000 after purchasing an additional 35,862 shares in the last quarter. Primecap Management Co. CA increased its position in shares of Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock worth $213,129,000 after purchasing an additional 158,385 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Dollar Tree by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock worth $266,124,000 after purchasing an additional 138,042 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Dollar Tree by 6.6% during the second quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock worth $213,958,000 after purchasing an additional 124,021 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Price Performance

DLTR opened at $75.99 on Friday. The stock’s 50-day moving average price is $68.46 and its 200 day moving average price is $82.72. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of -15.93, a PEG ratio of 2.28 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the prior year, the company earned $0.97 EPS. Dollar Tree’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup boosted their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. The Goldman Sachs Group dropped their target price on Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Wells Fargo & Company dropped their target price on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Guggenheim dropped their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. Finally, Jefferies Financial Group upped their target price on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Seventeen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and a consensus price target of $85.58.

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.