Versant Capital Management Inc Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Versant Capital Management Inc bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 404 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of Dollar Tree by 0.7% during the 2nd quarter. Victory Capital Management Inc. now owns 213,087 shares of the company’s stock worth $22,751,000 after buying an additional 1,405 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Dollar Tree during the 2nd quarter worth $26,000. Acadian Asset Management LLC boosted its position in shares of Dollar Tree by 756.4% in the 2nd quarter. Acadian Asset Management LLC now owns 6,740 shares of the company’s stock worth $718,000 after buying an additional 5,953 shares in the last quarter. Quest Partners LLC grew its stake in Dollar Tree by 17,277.8% in the 2nd quarter. Quest Partners LLC now owns 1,564 shares of the company’s stock valued at $167,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Prudential PLC increased its holdings in Dollar Tree by 45.6% during the 2nd quarter. Prudential PLC now owns 31,498 shares of the company’s stock valued at $3,363,000 after acquiring an additional 9,867 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 2.1 %

NASDAQ:DLTR opened at $75.01 on Wednesday. The company has a market cap of $16.13 billion, a PE ratio of -15.73, a P/E/G ratio of 2.28 and a beta of 0.90. The business’s 50 day moving average is $69.69 and its two-hundred day moving average is $80.77. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (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 firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.45 billion. During the same period last year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

DLTR has been the topic of several research reports. Truist Financial increased their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Evercore ISI reduced their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. BMO Capital Markets lifted their price objective on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Seventeen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and a consensus target price 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.