Headlands Technologies LLC Acquires 58,845 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Headlands Technologies LLC increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1,485.2% in the 4th quarter, HoldingsChannel reports. The firm owned 62,807 shares of the company’s stock after acquiring an additional 58,845 shares during the period. Headlands Technologies LLC’s holdings in Dollar Tree were worth $4,707,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Dollar Tree by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company’s stock worth $381,964,000 after buying an additional 222,352 shares during the period. Franklin Resources Inc. boosted its stake in Dollar Tree by 113.8% during the fourth quarter. Franklin Resources Inc. now owns 44,277 shares of the company’s stock worth $3,318,000 after acquiring an additional 23,571 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in Dollar Tree by 75.8% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 8,825 shares of the company’s stock worth $661,000 after acquiring an additional 3,805 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Dollar Tree by 26.6% in the fourth quarter. Alliancebernstein L.P. now owns 530,356 shares of the company’s stock worth $39,745,000 after purchasing an additional 111,511 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in Dollar Tree by 6,210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 3,155 shares of the company’s stock valued at $236,000 after purchasing an additional 3,105 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Performance

Shares of DLTR opened at $75.07 on Tuesday. The stock has a 50 day moving average of $71.23 and a 200 day moving average of $70.32. The company has a market capitalization of $16.15 billion, a price-to-earnings ratio of -15.74, a PEG ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $137.14. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.55 earnings per share. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on DLTR. UBS Group reduced their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. BMO Capital Markets raised their price objective on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Jefferies Financial Group upped their target price on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Truist Financial cut their target price on Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $83.42.

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.