Quinn Opportunity Partners LLC Purchases Shares of 46,072 Dollar Tree, Inc. (NASDAQ:DLTR)

Quinn Opportunity Partners LLC acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,072 shares of the company's stock, valued at approximately $3,453,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DLTR. Pzena Investment Management LLC acquired a new position in shares of Dollar Tree during the fourth quarter valued at about $520,000. Empower Advisory Group LLC raised its stake in shares of Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after purchasing an additional 100,676 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new stake in shares of Dollar Tree in the fourth quarter worth approximately $448,000. Intrepid Capital Management Inc. lifted its holdings in shares of Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after purchasing an additional 13,751 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Dollar Tree during the fourth quarter valued at approximately $2,173,000. Institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Performance

Dollar Tree stock traded down $1.91 during mid-day trading on Tuesday, reaching $71.80. 4,731,886 shares of the stock traded hands, compared to its average volume of 3,884,831. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $128.00. The business's 50-day moving average is $70.85 and its 200-day moving average is $70.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a market capitalization of $15.44 billion, a PE ratio of -15.05, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

Remove Ads

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company earned $2.55 EPS. As a group, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on DLTR shares. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and increased their price target for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Bank of America dropped their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Guggenheim decreased their price target on Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, UBS Group cut their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $81.84.

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.