Sciencast Management LP Purchases New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Sciencast Management LP acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,336 shares of the company’s stock, valued at approximately $844,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. NBC Securities Inc. increased its stake in shares of Dollar Tree by 7.1% in the fourth quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock valued at $163,000 after buying an additional 76 shares during the period. Horrell Capital Management Inc. lifted its holdings in shares of Dollar Tree by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $4,151,000 after purchasing an additional 94 shares during the period. GAMMA Investing LLC grew its stake in shares of Dollar Tree by 4.0% in the first quarter. GAMMA Investing LLC now owns 2,515 shares of the company’s stock worth $335,000 after purchasing an additional 96 shares during the last quarter. Independence Bank of Kentucky increased its holdings in Dollar Tree by 15.0% in the fourth quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock valued at $108,000 after purchasing an additional 99 shares during the period. Finally, Salomon & Ludwin LLC raised its position in Dollar Tree by 27.0% during the 1st quarter. Salomon & Ludwin LLC now owns 494 shares of the company’s stock worth $66,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Activity at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were 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 at the SEC website. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Evercore ISI boosted their price objective on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a research note on Thursday, June 20th. BMO Capital Markets lowered their target price on Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Finally, Wells Fargo & Company cut their price target on Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of “Moderate Buy” and a consensus price target of $142.45.

Dollar Tree Stock Performance

Shares of DLTR stock traded up $0.63 on Friday, hitting $107.36. 1,852,464 shares of the stock were exchanged, compared to its average volume of 2,776,126. The firm has a market capitalization of $23.08 billion, a PE ratio of -23.39, a P/E/G ratio of 1.10 and a beta of 0.88. Dollar Tree, Inc. has a one year low of $101.83 and a one year high of $154.96. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $111.85 and its two-hundred day moving average is $126.66.

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

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.