Quest Partners LLC Increases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Quest Partners LLC has expanded its investment in Dollar Tree, Inc. (NASDAQ:DLTR) by 28.3% during the third quarter, as reported in its latest filing with the Securities and Exchange Commission. Following the purchase of 442 additional shares, Quest Partners now holds 2,006 shares of Dollar Tree, valued at approximately $141,000 at the end of the quarter.

Other institutional investors have also recently changed their positions in Dollar Tree. EverSource Wealth Advisors LLC increased its stake by 29.3% in the first quarter, owning 486 shares valued at $65,000 after acquiring an additional 110 shares. Valeo Financial Advisors LLC raised its holdings by 2.1% during the second quarter, owning 5,650 shares valued at $603,000 after adding 116 shares. Raymond James Trust N.A. lifted its investment by 2.5% in the second quarter, accumulating 4,996 shares worth $533,000 after purchasing 124 shares. Burney Co. grew its stake by 1.4% in the first quarter, now owning 9,598 shares valued at $1,278,000 after buying 131 additional shares. Additionally, UMB Bank n.a. boosted its holdings by 52.0% during the second quarter, acquiring 535 shares valued at $57,000 after purchasing an extra 183 shares. Overall, 97.40% of Dollar Tree’s stock is held by hedge funds and other institutional investors.

Dollar Tree Stock Performance

As of Friday, Dollar Tree's stocks opened at $71.50. The company’s fifty-day simple moving average stands at $67.48, while the two-hundred-day simple moving average is $89.09. Over the past year, the stock has seen a low of $60.49 and a high of $151.21. Dollar Tree, Inc. has a market capitalization of $15.37 billion, with a PE ratio of -14.65 and a P/E/G ratio of 2.76. The company's quick ratio is 0.17, its current ratio is 1.02, and its debt-to-equity ratio is 0.33.

In its latest earnings report issued on September 4th, Dollar Tree reported an earnings per share (EPS) of $0.67, falling short of the expected $1.04 by $0.37. The company achieved a return on equity of 15.77%, despite a negative net margin of 3.44%. Dollar Tree's revenue for the quarter was $7.37 billion, which was lower than the anticipated $7.49 billion. Compared to the same period the previous year, the quarterly revenue increased by 0.7%. Analysts are projecting that Dollar Tree, Inc. will report an EPS of 5.35 for the current year.

Wall Street Analyst Opinions

Recently, several equity research analysts have provided their insights on DLTR shares. Sanford C. Bernstein initiated coverage of Dollar Tree, assigning it a "market perform" rating and a price target of $76.00. The Goldman Sachs Group revised their target price from $145.00 to $90.00 while maintaining a "buy" rating. Conversely, StockNews.com downgraded the stock from a "hold" rating to a "sell" rating. Loop Capital changed its rating from "buy" to "hold" with a target price set at $65.00. Lastly, Truist Financial reduced their price objective from $140.00 to $79.00 while still recommending a "buy" for the stock. Currently, one analyst has assigned a sell rating, fifteen have given hold ratings, and five have issued buy ratings for Dollar Tree's stock. Based on the data from MarketBeat, the consensus rating is "Hold" with an average price target of $87.95.

Insider Trading at Dollar Tree

In other news regarding Dollar Tree, Director Daniel J. Heinrich purchased 2,200 shares on September 6th at an average price of $68.27, resulting in a total transaction of approximately $150,194. Following this acquisition, Heinrich owns a total of 9,823 shares worth around $670,616. This transaction marks a 28.86% increase in their ownership. The details have also been filed with the SEC. Currently, insiders hold about 6.80% of Dollar Tree's stock.

About Dollar Tree, Inc.

(Free Report) Dollar Tree, Inc. operates discount retail stores through two segments: Dollar Tree and Family Dollar. The Dollar Tree segment offers a variety of merchandise, predominantly priced at $1.25. The product range includes consumables, seasonal items, variety merchandise, and household essentials.

Investment, Stock, Earnings