Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 17.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,874 shares of the company’s stock after acquiring an additional 3,036 shares during the period. XTX Topco Ltd’s holdings in Dollar Tree were worth $2,229,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DLTR. Dorsal Capital Management LP purchased a new stake in shares of Dollar Tree in the 4th quarter valued at about $35,512,000. Wellington Management Group LLP lifted its stake in Dollar Tree by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after buying an additional 73,588 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Dollar Tree by 92.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after buying an additional 70,478 shares during the last quarter. Bridgefront Capital LLC boosted its holdings in shares of Dollar Tree by 62.5% in the fourth quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock valued at $699,000 after acquiring an additional 1,892 shares during the period. Finally, FIL Ltd grew its position in shares of Dollar Tree by 96.0% during the fourth quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after acquiring an additional 1,566,392 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analysts Set New Price Targets

DLTR has been the subject of several research reports. The Goldman Sachs Group reduced their price target on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Morgan Stanley reduced their target price on shares of Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Piper Sandler lowered their price target on Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Truist Financial dropped their price target on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Wells Fargo & Company decreased their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $92.53.

Insider Buying and Selling

In other news, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction on Friday, September 6th. The shares were bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of Dollar Tree stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the sale, the insider now directly owns 9,725 shares of the company’s stock, valued at approximately $1,026,765.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the transaction, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by insiders.

Dollar Tree Stock Performance

Shares of DLTR opened at $75.67 on Thursday. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Dollar Tree, Inc. has a 52-week low of $60.81 and a 52-week high of $151.21. The company has a 50-day simple moving average of $92.09 and a 200-day simple moving average of $110.65. The company has a market capitalization of $16.26 billion, a PE ratio of -16.49, a P/E/G ratio of 2.82 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business posted $0.91 earnings per share. Equities research analysts predict that Dollar Tree, Inc. will post 5.33 earnings per share 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.