Symmetry Investments LP Acquires New Shares in Dollar Tree, Inc. (NASDAQ:DLTR)

Symmetry Investments LP bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,800 shares of the company’s stock, valued at approximately $406,000.

A number of other institutional investors also recently bought and sold shares of DLTR. Capital International Investors increased its stake in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock worth $1,503,123,000 after purchasing an additional 2,445,827 shares in the last quarter. FIL Ltd increased its position in 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 buying an additional 1,566,392 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Dollar Tree by 223.4% in the first quarter. National Bank of Canada FI now owns 1,414,788 shares of the company’s stock worth $188,379,000 after acquiring an additional 977,313 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of Dollar Tree by 50.0% in the second quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after acquiring an additional 957,275 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Dollar Tree by 488.4% during the second quarter. Renaissance Technologies LLC now owns 1,044,595 shares of the company’s stock valued at $111,531,000 after acquiring an additional 867,054 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $71.73 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The company has a market cap of $15.42 billion, a PE ratio of -15.63, a P/E/G ratio of 2.82 and a beta of 0.87. The company’s fifty day simple moving average is $90.72 and its 200-day simple moving average is $109.60. Dollar Tree, Inc. has a 52 week low of $60.81 and a 52 week high of $151.21.

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

Insider Buying and Selling

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction on Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now directly owns 9,823 shares of the company’s stock, valued at $670,616.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dollar Tree news, insider Robert Aflatooni sold 827 shares of the business’s stock in a transaction 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 transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Heinrich bought 2,200 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the purchase, the director now directly 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 corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DLTR. Wells Fargo & Company cut their target price on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Evercore ISI reduced their price objective on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. Telsey Advisory Group lowered their target price on shares of Dollar Tree from $120.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. The Goldman Sachs Group reduced their price target on Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Finally, Truist Financial lowered their price objective on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $92.53.

Dollar Tree Company 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.