Integrated Quantitative Investments LLC Takes $918,000 Position in Dollar Tree, Inc. $DLTR

Integrated Quantitative Investments LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the third quarter, HoldingsChannel.com reports. The fund purchased 9,723 shares of the company’s stock, valued at approximately $918,000.

Other institutional investors have also recently made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of Dollar Tree during the third quarter worth $770,000. Sumitomo Mitsui Trust Group Inc. increased 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 valued at $51,056,000 after acquiring an additional 20,786 shares during the period. Orion Porfolio Solutions LLC raised its stake in 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 acquiring an additional 10,497 shares during the last quarter. Federated Hermes Inc. lifted its position in Dollar Tree by 2.2% during the 3rd quarter. Federated Hermes Inc. now owns 751,744 shares of the company’s stock worth $70,942,000 after acquiring an additional 15,829 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of 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 purchasing an additional 143,295 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Insider Activity

In related news, insider Brent A. Beebe sold 2,200 shares of Dollar Tree stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $124.65, for a total transaction of $274,230.00. Following the completion of the transaction, the insider directly owned 13,740 shares of the company’s stock, valued at $1,712,691. This trade represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on DLTR. Evercore raised Dollar Tree to a “hold” rating in a report on Tuesday, February 3rd. Sanford C. Bernstein lifted their price objective on shares of Dollar Tree from $109.00 to $123.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. BMO Capital Markets downgraded shares of Dollar Tree from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $110.00 to $95.00 in a research report on Friday, February 13th. Truist Financial set a $156.00 target price on Dollar Tree in a research report on Friday, January 16th. Finally, Guggenheim lifted their target price on shares of Dollar Tree from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Eight research analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus price target of $124.62.

Dollar Tree Trading Down 0.5%

Shares of DLTR opened at $117.85 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96. The stock has a 50-day moving average price of $127.33 and a 200 day moving average price of $112.74. The company has a market capitalization of $23.43 billion, a P/E ratio of -8.76, a P/E/G ratio of 1.51 and a beta of 0.73. Dollar Tree, Inc. has a one year low of $61.80 and a one year high of $142.40.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.12. Dollar Tree had a negative net margin of 15.40% and a positive return on equity of 30.23%. The firm had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same period last year, the firm posted $1.12 EPS. Dollar Tree’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.