Quantbot Technologies LP Acquires New Stake in Dollar Tree, Inc. $DLTR

Quantbot Technologies LP bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 8,198 shares of the company’s stock, valued at approximately $774,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in shares of Dollar Tree in the 3rd quarter valued at $770,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Dollar Tree by 4.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 541,021 shares of the company’s stock worth $51,056,000 after buying an additional 20,786 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of Dollar Tree by 28.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 47,735 shares of the company’s stock worth $4,728,000 after buying an additional 10,497 shares during the period. Federated Hermes Inc. boosted its holdings in Dollar Tree by 2.2% in the third quarter. Federated Hermes Inc. now owns 751,744 shares of the company’s stock valued at $70,942,000 after acquiring an additional 15,829 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Dollar Tree by 11.9% in the third quarter. Pacer Advisors Inc. now owns 1,346,247 shares of the company’s stock valued at $127,045,000 after acquiring an additional 143,295 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on DLTR shares. Rothschild & Co Redburn set a $165.00 price target on Dollar Tree and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Truist Financial set a $156.00 price objective on Dollar Tree in a research note on Friday, January 16th. BMO Capital Markets downgraded shares of Dollar Tree from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $110.00 to $95.00 in a research report on Friday, February 13th. Barclays raised their price target on shares of Dollar Tree from $136.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Finally, Guggenheim lifted their price target on shares of Dollar Tree from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $124.62.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $115.82 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.22. Dollar Tree, Inc. has a 1-year low of $61.80 and a 1-year high of $142.40. The company has a market capitalization of $23.03 billion, a price-to-earnings ratio of -8.61, a PEG ratio of 1.44 and a beta of 0.73. The business has a 50-day moving average of $127.05 and a 200-day moving average of $112.79.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, December 3rd. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.09 by $0.12. The business had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.70 billion. Dollar Tree had a positive return on equity of 30.23% and a negative net margin of 15.40%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $1.12 EPS. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, insider Brent A. Beebe sold 2,200 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $124.65, for a total value of $274,230.00. Following the completion of the sale, the insider owned 13,740 shares of the company’s stock, valued at $1,712,691. This trade represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.60% of the stock is owned by company insiders.

Dollar Tree Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.