GAMMA Investing LLC Increases Position in Dollar Tree, Inc. (NASDAQ:DLTR)

GAMMA Investing LLC lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 145.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,691 shares of the company’s stock after buying an additional 3,368 shares during the quarter. GAMMA Investing LLC’s holdings in Dollar Tree were worth $426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empower Advisory Group LLC increased its stake in Dollar Tree by 41.3% in the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after purchasing an additional 192,754 shares during the period. Farther Finance Advisors LLC increased its stake in Dollar Tree by 374.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after buying an additional 1,797 shares during the period. Equity Investment Corp lifted its holdings in Dollar Tree by 95.9% during the 3rd quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares in the last quarter. Forest Avenue Capital Management LP purchased a new stake in Dollar Tree in the 3rd quarter valued at about $19,591,000. Finally, Anthracite Investment Company Inc. bought a new position in Dollar Tree in the 3rd quarter worth about $2,813,000. 97.40% of the stock is owned by institutional investors.

Dollar Tree Price Performance

Shares of DLTR stock opened at $73.36 on Monday. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of -15.38, a PEG ratio of 2.28 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock’s 50-day simple moving average is $69.27 and its 200-day simple moving average is $81.21. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. 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 prior year, the business posted $0.97 EPS. Dollar Tree’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Evercore ISI decreased their price target on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Guggenheim decreased their target price on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, December 6th. Citigroup increased their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Jefferies Financial Group lifted their price objective on Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group dropped their target price on shares of Dollar Tree from $145.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $85.58.

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.