Clearline Capital LP Buys New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Clearline Capital LP purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 3rd quarter, HoldingsChannel reports. The firm purchased 14,910 shares of the company’s stock, valued at approximately $1,048,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree in the 2nd quarter worth approximately $26,000. Mather Group LLC. increased its holdings in shares of Dollar Tree by 198.9% in the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares in the last quarter. Eastern Bank acquired a new stake in shares of Dollar Tree during the 3rd quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar Tree during the 2nd quarter worth $37,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after acquiring an additional 284 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DLTR shares. Truist Financial decreased their price target on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. StockNews.com downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price target on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. The Goldman Sachs Group decreased their price objective on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company cut their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $87.95.

Dollar Tree Price Performance

Shares of DLTR opened at $71.27 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The firm has a market cap of $15.32 billion, a PE ratio of -14.60, a PEG ratio of 2.82 and a beta of 0.87. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21. The firm’s 50 day moving average price is $67.47 and its 200 day moving average price is $88.32.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. As a group, research analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the acquisition, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 28.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is currently owned by corporate insiders.

Dollar Tree Company 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.