Greenland Capital Management LP Acquires New Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Greenland Capital Management LP acquired a new position in 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. The institutional investor acquired 36,322 shares of the company's stock, valued at approximately $2,722,000.

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

Dollar Tree Price Performance

Dollar Tree stock traded up $0.37 during mid-day trading on Friday, reaching $72.11. 8,215,267 shares of the company's stock traded hands, compared to its average volume of 3,879,826. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $128.00. 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 stock has a 50 day moving average of $70.86 and a two-hundred day moving average of $70.29. The company has a market cap of $15.51 billion, a price-to-earnings ratio of -15.12, a PEG ratio of 2.16 and a beta of 0.87.

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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). The business had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. 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. Equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Evercore ISI increased their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a report on Thursday, March 27th. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and raised their price objective for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Telsey Advisory Group upped their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. cut their price target on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $81.84.

Insider Activity

In other news, Director William W. Douglas III bought 701 shares of the stock in a transaction dated 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 acquisition, the director now owns 1,377 shares of the company's stock, valued at $103,275. The trade was a 103.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.80% of the company's stock.

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.