Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Tidal Investments LLC

Tidal Investments LLC increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 193.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,130 shares of the company’s stock after buying an additional 13,263 shares during the period. Tidal Investments LLC’s holdings in Dollar Tree were worth $1,416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its holdings in Dollar Tree by 174.5% in the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 274 shares during the last quarter. Eastern Bank purchased a new stake in shares of Dollar Tree in the third quarter valued at $34,000. UMB Bank n.a. increased its stake in Dollar Tree by 52.0% in the second quarter. UMB Bank n.a. now owns 535 shares of the company’s stock valued at $57,000 after purchasing an additional 183 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares during the period. Finally, Sunbelt Securities Inc. boosted its stake in Dollar Tree by 738.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock worth $44,000 after buying an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DLTR. JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Jefferies Financial Group boosted their price objective on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Guggenheim cut their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Finally, KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 7th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Dollar Tree currently has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Stock Down 1.2 %

Shares of Dollar Tree stock opened at $69.27 on Thursday. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. The company has a market capitalization of $14.89 billion, a PE ratio of -14.52, a P/E/G ratio of 2.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The business has a 50-day moving average of $67.71 and a 200-day moving average of $84.52.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. Dollar Tree’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal 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.