Confluence Investment Management LLC Has $21.01 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Confluence Investment Management LLC raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 132.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 298,833 shares of the company's stock after buying an additional 170,193 shares during the quarter. Confluence Investment Management LLC owned about 0.14% of Dollar Tree worth $21,014,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DLTR. Strategic Financial Concepts LLC bought a new stake in shares of Dollar Tree in the second quarter worth about $26,000. Mather Group LLC. grew its position in shares of Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company's stock valued at $30,000 after purchasing an additional 187 shares during the period. Eastern Bank bought a new stake in Dollar Tree during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar Tree during the 2nd quarter worth approximately $37,000. Finally, Blue Trust Inc. lifted its stake in Dollar Tree by 174.5% in the second quarter. Blue Trust Inc. now owns 431 shares of the company's stock valued at $46,000 after buying an additional 274 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

DLTR has been the subject of several research reports. Redburn Atlantic raised shares of Dollar Tree to a "hold" rating in a research report on Monday, September 23rd. Piper Sandler cut their target price on Dollar Tree from $112.00 to $67.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Loop Capital downgraded Dollar Tree from a "buy" rating to a "hold" rating and set a $65.00 price target for the company. in a research report on Thursday, September 5th. BMO Capital Markets downgraded shares of Dollar Tree from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $130.00 to $68.00 in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Dollar Tree from $70.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $88.11.

Insider Activity

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the purchase, the director now owns 9,823 shares of the company's stock, valued at approximately $670,616.21. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.80% of the stock is owned by company insiders.

Dollar Tree Stock Performance

Shares of DLTR stock traded down $2.13 during trading on Friday, reaching $61.41. 5,123,727 shares of the company's stock were exchanged, compared to its average volume of 3,303,000. Dollar Tree, Inc. has a twelve month low of $60.52 and a twelve month high of $151.21. The firm's fifty day moving average price is $68.87 and its 200-day moving average price is $94.36. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $13.20 billion, a PE ratio of -12.58, a PEG ratio of 2.83 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Dollar Tree's revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.33 EPS for the current year.

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.