MQS Management LLC Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

MQS Management LLC acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,318 shares of the company’s stock, valued at approximately $354,000.

Several other large investors have also recently bought and sold shares of the company. Capital World Investors raised its position in shares of Dollar Tree by 2.8% during the fourth quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock worth $2,501,314,000 after acquiring an additional 487,180 shares during the last quarter. Capital International Investors increased its position in Dollar Tree by 30.1% in the fourth 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 during the period. FIL Ltd raised its holdings in Dollar Tree by 96.0% during the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after purchasing an additional 1,566,392 shares during the last quarter. Wellington Management Group LLP lifted its position in Dollar Tree by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after purchasing an additional 73,588 shares during the period. Finally, Primecap Management Co. CA lifted its position in Dollar Tree by 50.0% during the 2nd quarter. Primecap Management Co. CA now owns 2,872,460 shares of the company’s stock valued at $306,693,000 after purchasing an additional 957,275 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Down 2.4 %

NASDAQ DLTR opened at $73.88 on Friday. Dollar Tree, Inc. has a 52 week low of $60.81 and a 52 week high of $151.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The stock’s 50 day moving average price is $91.43 and its two-hundred day moving average price is $110.39. The stock has a market capitalization of $15.88 billion, a price-to-earnings ratio of -16.10, a PEG ratio of 2.82 and a beta of 0.87.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DLTR shares. Citigroup dropped their price target on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Guggenheim dropped their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, September 6th. JPMorgan Chase & Co. lowered Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $111.00 to $70.00 in a research report on Wednesday, September 4th. StockNews.com downgraded Dollar Tree from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Finally, Truist Financial cut their target price on Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. One equities research 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 data from MarketBeat, Dollar Tree currently has a consensus rating of “Hold” and an average price target of $92.53.

Insider Activity

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

Dollar Tree 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.