Cinctive Capital Management LP Acquires New Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Cinctive Capital Management LP purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 104,823 shares of the company’s stock, valued at approximately $7,371,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Primecap Management Co. CA lifted its position in Dollar Tree by 5.5% during the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after purchasing an additional 158,385 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Dollar Tree by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after acquiring an additional 138,042 shares during the period. American Century Companies Inc. raised its stake in Dollar Tree by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock worth $213,958,000 after acquiring an additional 124,021 shares during the period. Equity Investment Corp lifted its holdings in Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after purchasing an additional 746,913 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Dollar Tree by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock worth $88,141,000 after purchasing an additional 10,681 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $71.27 on Monday. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of -14.60, a PEG ratio of 2.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17. The business has a 50 day simple moving average of $67.47 and a 200-day simple moving average of $88.32. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly 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 positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts forecast that Dollar Tree, Inc. will post 5.35 EPS for the current year.

Insider Buying and Selling

In other news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. This trade represents a 28.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 6.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DLTR has been the topic of a number of analyst reports. Melius Research started coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They set a “hold” rating and a $70.00 target price on the stock. KeyCorp lowered Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Telsey Advisory Group cut Dollar Tree from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $95.00 to $75.00 in a research report on Tuesday, November 5th. StockNews.com cut Dollar Tree from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Finally, Evercore ISI dropped their price target on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and an average target price of $87.95.

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.