V Square Quantitative Management LLC Acquires 319 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

V Square Quantitative Management LLC grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 12.8% in the second quarter, Holdings Channel reports. The fund owned 2,814 shares of the company’s stock after acquiring an additional 319 shares during the quarter. V Square Quantitative Management LLC’s holdings in Dollar Tree were worth $300,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DLTR. Bleakley Financial Group LLC grew its holdings in Dollar Tree by 25.3% during the 4th quarter. Bleakley Financial Group LLC now owns 2,444 shares of the company’s stock worth $347,000 after acquiring an additional 493 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $15,638,000. Sequoia Financial Advisors LLC raised its holdings in shares of Dollar Tree by 97.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,869 shares of the company’s stock worth $834,000 after purchasing an additional 2,893 shares during the period. Cerity Partners LLC grew its stake in Dollar Tree by 5.3% in the 4th quarter. Cerity Partners LLC now owns 39,272 shares of the company’s stock valued at $5,579,000 after buying an additional 1,994 shares in the last quarter. Finally, Clarius Group LLC purchased a new position in Dollar Tree in the 4th quarter valued at approximately $200,000. 97.40% of the stock is currently owned by institutional investors.

Insider Activity 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 sale, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on DLTR shares. Morgan Stanley cut their target price on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Piper Sandler downgraded shares of 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 research note on Tuesday, July 16th. Truist Financial cut their price objective on shares of Dollar Tree from $147.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Citigroup cut shares of Dollar Tree from a “buy” rating to a “neutral” rating and cut their price target for the company from $163.00 to $120.00 in a report on Thursday, June 6th. Finally, Evercore ISI increased their price objective on shares of Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a research report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.55.

Dollar Tree Trading Up 8.5 %

NASDAQ:DLTR traded up $7.84 during trading hours on Thursday, reaching $100.21. 215,348 shares of the stock were exchanged, compared to its average volume of 2,725,693. The company has a quick ratio of 0.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $21.54 billion, a price-to-earnings ratio of -20.12, a PEG ratio of 1.07 and a beta of 0.88. The business has a 50-day moving average of $104.24 and a two-hundred day moving average of $120.90. Dollar Tree, Inc. has a twelve month low of $91.40 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 earnings per share 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 business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same period last year, the business earned $1.47 EPS. The company’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that Dollar Tree, Inc. will post 6.63 EPS for the current year.

About Dollar Tree

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.