Tidal Investments LLC Acquires 13,263 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Tidal Investments LLC lifted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 193.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,130 shares of the company's stock after purchasing an additional 13,263 shares during the quarter. Tidal Investments LLC's holdings in Dollar Tree were worth $1,416,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Dollar Tree by 174.5% during the 2nd quarter. Blue Trust Inc. now owns 431 shares of the company's stock worth $46,000 after purchasing an additional 274 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Dollar Tree during the second quarter worth $224,000. &PARTNERS bought a new stake in shares of Dollar Tree during the second quarter worth $683,000. LRI Investments LLC raised its holdings in shares of Dollar Tree by 31.8% during the second quarter. LRI Investments LLC now owns 1,358 shares of the company's stock worth $145,000 after acquiring an additional 328 shares during the period. Finally, Independence Bank of Kentucky lifted its position in Dollar Tree by 406.7% in the 2nd quarter. Independence Bank of Kentucky now owns 3,719 shares of the company's stock valued at $397,000 after acquiring an additional 2,985 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded down $0.21 during mid-day trading on Thursday, reaching $69.06. 3,082,106 shares of the company were exchanged, compared to its average volume of 3,433,707. The stock has a market capitalization of $14.85 billion, a P/E ratio of -14.48, a P/E/G ratio of 2.28 and a beta of 0.92. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company's 50-day simple moving average is $67.71 and its 200-day simple moving average is $84.52. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $151.21.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period last year, the business posted $0.97 earnings per share. The business's revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley dropped their price target on Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 5th. Piper Sandler reissued a "neutral" rating and issued a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Guggenheim reduced their price target on Dollar Tree from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, December 6th. Wells Fargo & Company decreased their price target on shares of Dollar Tree from $130.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, September 5th. Finally, BMO Capital Markets boosted their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a research report on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Dollar Tree presently has an average rating of "Hold" and a consensus target price of $85.58.

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.