Confluence Investment Management LLC Grows Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Confluence Investment Management LLC increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 132.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 298,833 shares of the company’s stock after purchasing an additional 170,193 shares during the period. Confluence Investment Management LLC’s holdings in Dollar Tree were worth $21,014,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Strategic Financial Concepts LLC acquired a new position in Dollar Tree in the 2nd quarter valued at about $26,000. Mather Group LLC. increased its stake in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock worth $30,000 after buying an additional 187 shares during the period. Eastern Bank purchased a new stake in Dollar Tree during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar Tree during the 2nd quarter worth approximately $37,000. Finally, Blue Trust Inc. boosted its position in Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 274 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.80% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $63.54 on Friday. The business’s 50-day moving average price is $69.76 and its 200 day moving average price is $95.00. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The firm has a market cap of $13.66 billion, a P/E ratio of -13.02, a P/E/G ratio of 2.83 and a beta of 0.87. Dollar Tree, Inc. has a 52-week low of $60.52 and a 52-week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts expect that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

Wall Street Analyst Weigh In

DLTR has been the topic of several analyst reports. Truist Financial reduced their price objective on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley dropped their price objective on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company lowered their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Redburn Atlantic raised Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Finally, Loop Capital downgraded Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.11.

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.