Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 18.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,978 shares of the company’s stock after purchasing an additional 463 shares during the quarter. GAMMA Investing LLC’s holdings in Dollar Tree were worth $318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in Dollar Tree during the fourth quarter worth approximately $15,638,000. Dorsal Capital Management LP purchased a new position in Dollar Tree during the fourth quarter worth approximately $35,512,000. Wellington Management Group LLP lifted its position in Dollar Tree by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock worth $409,356,000 after buying an additional 73,588 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Dollar Tree by 92.6% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock worth $20,826,000 after acquiring an additional 70,478 shares during the last quarter. Finally, Bridgefront Capital LLC increased its stake in Dollar Tree by 62.5% during the fourth quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock worth $699,000 after acquiring an additional 1,892 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on DLTR shares. Morgan Stanley decreased their target price on Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. Piper Sandler downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $143.00 to $112.00 in a report on Tuesday, July 16th. UBS Group decreased their price target on Dollar Tree from $170.00 to $155.00 and set a “buy” rating for the company in a report on Friday, June 28th. BMO Capital Markets decreased their price target 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, KeyCorp raised Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 price target for the company in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree currently has a consensus rating of “Moderate Buy” and an average target price of $141.55.

Insider Buying and Selling at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.80% of the company’s stock.

Dollar Tree Price Performance

Shares of DLTR traded down $3.08 during mid-day trading on Monday, hitting $96.45. 2,765,391 shares of the company traded hands, compared to its average volume of 2,771,893. Dollar Tree, Inc. has a one year low of $95.44 and a one year high of $151.71. 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 business has a 50-day moving average of $107.72 and a 200 day moving average of $122.90. The stock has a market capitalization of $20.73 billion, a price-to-earnings ratio of -21.47, a PEG ratio of 1.07 and a beta of 0.88.

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

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.