Point72 Asset Management L.P. Has $109.80 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Point72 Asset Management L.P. raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 165.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,028,411 shares of the company's stock after buying an additional 640,848 shares during the quarter. Point72 Asset Management L.P. owned about 0.48% of Dollar Tree worth $109,803,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Dollar Tree by 101.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,960 shares of the company's stock valued at $316,000 after purchasing an additional 1,490 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of Dollar Tree during the second quarter worth about $2,669,000. The Manufacturers Life Insurance Company raised its holdings in Dollar Tree by 0.7% during the second quarter. The Manufacturers Life Insurance Company now owns 123,313 shares of the company's stock worth $13,166,000 after acquiring an additional 862 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Dollar Tree during the second quarter worth about $567,000. Finally, APG Asset Management N.V. raised its holdings in Dollar Tree by 758.6% during the second quarter. APG Asset Management N.V. now owns 72,481 shares of the company's stock worth $7,221,000 after acquiring an additional 64,039 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Dollar Tree Price Performance

Shares of DLTR opened at $73.12 on Monday. The firm's 50-day simple moving average is $87.36 and its two-hundred day simple moving average is $106.75. Dollar Tree, Inc. has a fifty-two week low of $60.81 and a fifty-two week high of $151.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. The stock has a market cap of $15.72 billion, a PE ratio of -15.93, a price-to-earnings-growth ratio of 3.04 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.49 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The company's revenue for the quarter was up .7% compared to the same quarter last year. Analysts anticipate that Dollar Tree, Inc. will post 5.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on DLTR. UBS Group dropped their price objective on Dollar Tree from $155.00 to $105.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. BMO Capital Markets downgraded Dollar Tree from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $130.00 to $68.00 in a research report on Thursday, September 5th. Morgan Stanley reduced their price target on Dollar Tree from $130.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 5th. Redburn Atlantic raised Dollar Tree to a "hold" rating in a report on Monday, September 23rd. Finally, KeyCorp reduced their target price on Dollar Tree from $145.00 to $84.00 and set an "overweight" rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Dollar Tree has an average rating of "Hold" and an average target price of $91.40.

Insiders Place Their Bets

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the firm's stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the transaction, the director now directly owns 9,823 shares of the company's stock, valued at $670,616.21. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.

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