Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP increased its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,572 shares of the company’s stock after purchasing an additional 8,749 shares during the period. Cinctive Capital Management LP’s holdings in Dollar Tree were worth $8,511,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Assetmark Inc. increased its position in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after buying an additional 149 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Dollar Tree during the fourth quarter valued at $30,000. Parkside Financial Bank & Trust increased its position in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after purchasing an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Dollar Tree in the 4th quarter valued at about $43,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLTR has been the topic of several analyst reports. Jefferies Financial Group raised their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lowered their target price 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. Piper Sandler reissued a “neutral” rating and set a $72.00 price target (up previously from $67.00) on shares of Dollar Tree in a research note on Thursday, December 5th. BMO Capital Markets raised their price objective on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Finally, Evercore ISI increased their target price on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday, March 27th. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and an average price target of $83.68.

Dollar Tree Stock Up 0.4 %

Shares of NASDAQ DLTR opened at $75.34 on Wednesday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $136.02. The stock has a fifty day moving average price of $71.26 and a 200 day moving average price of $70.36. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company has a market cap of $16.20 billion, a P/E ratio of -15.79, a P/E/G ratio of 2.16 and a beta of 0.91.

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

Dollar Tree Profile

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.