Mattern Capital Management LLC Boosts Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Mattern Capital Management LLC boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 57.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,263 shares of the company’s stock after purchasing an additional 3,740 shares during the quarter. Mattern Capital Management LLC’s holdings in Dollar Tree were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in shares of Dollar Tree during the 4th quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Eastern Bank purchased a new position in shares of Dollar Tree during the 3rd quarter valued at approximately $34,000. First Horizon Advisors Inc. increased its holdings in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after purchasing an additional 554 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DLTR shares. Evercore ISI cut their target price on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. StockNews.com raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Guggenheim dropped their price target on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Finally, Jefferies Financial Group lifted their price target 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. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Stock Up 0.9 %

NASDAQ DLTR opened at $76.29 on Friday. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $73.04 and its 200-day simple moving average is $73.94. The firm has a market cap of $16.40 billion, a PE ratio of -15.99, a P/E/G ratio of 2.11 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping the consensus estimate 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 business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.