Quantbot Technologies LP Makes New $774,000 Investment in Dollar Tree, Inc. $DLTR

Quantbot Technologies LP purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,198 shares of the company’s stock, valued at approximately $774,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in shares of Dollar Tree in the third quarter valued at approximately $29,000. True Wealth Design LLC lifted its holdings in shares of Dollar Tree by 372.5% during the second quarter. True Wealth Design LLC now owns 378 shares of the company’s stock worth $37,000 after purchasing an additional 298 shares during the period. Smartleaf Asset Management LLC grew its position in Dollar Tree by 90.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 423 shares of the company’s stock valued at $40,000 after buying an additional 201 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Dollar Tree in the 3rd quarter valued at $41,000. Finally, MTM Investment Management LLC acquired a new position in Dollar Tree in the 2nd quarter valued at $42,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

Shares of NASDAQ DLTR opened at $115.82 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.22 and a current ratio of 0.96. Dollar Tree, Inc. has a one year low of $61.80 and a one year high of $142.40. The firm has a market capitalization of $23.03 billion, a P/E ratio of -8.61, a PEG ratio of 1.44 and a beta of 0.73. The company’s fifty day moving average is $127.05 and its two-hundred day moving average is $112.79.

Dollar Tree (NASDAQ:DLTR) last released 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. The firm had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.70 billion. Dollar Tree had a positive return on equity of 30.23% and a negative net margin of 15.40%.Dollar Tree’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $1.12 EPS. Analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DLTR shares. Citigroup restated a “neutral” rating and set a $132.00 price objective on shares of Dollar Tree in a research report on Friday, February 27th. Telsey Advisory Group set a $150.00 target price on shares of Dollar Tree in a report on Wednesday, December 17th. Barclays boosted their price target on shares of Dollar Tree from $136.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Morgan Stanley raised their price objective on shares of Dollar Tree from $130.00 to $146.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $103.00 price objective (down from $133.00) on shares of Dollar Tree in a report on Thursday, November 13th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $124.62.

Insider Transactions at Dollar Tree

In other news, insider Brent A. Beebe sold 2,200 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $124.65, for a total value of $274,230.00. Following the sale, the insider directly owned 13,740 shares in the company, valued at $1,712,691. This represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.60% of the company’s stock.

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.