Cinctive Capital Management LP Purchases 8,749 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Cinctive Capital Management LP grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,572 shares of the company's stock after acquiring an additional 8,749 shares during the period. Cinctive Capital Management LP owned about 0.05% of Dollar Tree worth $8,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Pzena Investment Management LLC purchased a new position in Dollar Tree in the 4th quarter worth approximately $520,000. Empower Advisory Group LLC boosted its position in shares of Dollar Tree by 15.3% during the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after acquiring an additional 100,676 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new position in Dollar Tree during the fourth quarter valued at $448,000. Intrepid Capital Management Inc. increased its holdings in Dollar Tree by 103.6% in the 4th quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after acquiring an additional 13,751 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Dollar Tree in the 4th quarter worth $2,173,000. Institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Guggenheim cut their price objective 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. Wells Fargo & Company lifted their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Evercore ISI increased their target price on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research report on Thursday, March 27th. Truist Financial set a $84.00 price target on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, UBS Group lowered their price objective 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. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $82.50.

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Dollar Tree Trading Up 6.2 %

DLTR stock traded up $4.18 during mid-day trading on Monday, reaching $71.73. The company had a trading volume of 6,053,627 shares, compared to its average volume of 4,199,860. The company has a market capitalization of $15.43 billion, a PE ratio of -15.01, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The firm has a 50 day moving average of $71.19 and a 200 day moving average of $70.30. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $131.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 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 firm had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter in the prior year, the business posted $2.55 EPS. The business's quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This represents a 103.70 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.80% of the company's stock.

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.