CenterBook Partners LP Raises Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

CenterBook Partners LP grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 37.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,813 shares of the company's stock after acquiring an additional 7,913 shares during the period. CenterBook Partners LP's holdings in Dollar Tree were worth $2,159,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in Dollar Tree by 23.0% during the 3rd quarter. Stifel Financial Corp now owns 117,648 shares of the company's stock worth $8,273,000 after purchasing an additional 21,985 shares in the last quarter. MML Investors Services LLC increased its position in shares of Dollar Tree by 14.2% during the third quarter. MML Investors Services LLC now owns 13,220 shares of the company's stock valued at $930,000 after buying an additional 1,644 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock worth $44,000 after buying an additional 554 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Dollar Tree by 37.6% in the third quarter. Sanctuary Advisors LLC now owns 10,041 shares of the company's stock valued at $667,000 after acquiring an additional 2,745 shares during the period. Finally, Tidal Investments LLC grew its stake in Dollar Tree by 193.1% during the third quarter. Tidal Investments LLC now owns 20,130 shares of the company's stock valued at $1,416,000 after acquiring an additional 13,263 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

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Dollar Tree Price Performance

DLTR traded down $0.37 during trading hours on Tuesday, hitting $73.34. The company's stock had a trading volume of 1,726,473 shares, compared to its average volume of 3,873,201. The stock has a market cap of $15.77 billion, a price-to-earnings ratio of -15.38, a P/E/G ratio of 2.16 and a beta of 0.87. The business's 50-day moving average price is $70.85 and its 200-day moving average price is $70.30. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $128.00.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Truist Financial set a $84.00 price target on Dollar Tree in a research report on Thursday, March 27th. Loop Capital restated a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. UBS Group dropped their target price on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Guggenheim decreased their price target on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dollar Tree has an average rating of "Hold" and an average price target of $81.84.

Insider Buying and Selling

In other news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.80% of the stock is currently owned by corporate insiders.

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.