Y Intercept Hong Kong Ltd Purchases 15,875 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Y Intercept Hong Kong Ltd grew its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 59.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,718 shares of the company's stock after purchasing an additional 15,875 shares during the period. Y Intercept Hong Kong Ltd's holdings in Dollar Tree were worth $3,004,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew 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 purchasing an additional 274 shares in the last quarter. Eastern Bank acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at approximately $34,000. UMB Bank n.a. grew its stake in shares of Dollar Tree by 52.0% in the second quarter. UMB Bank n.a. now owns 535 shares of the company's stock valued at $57,000 after buying an additional 183 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock worth $39,000 after buying an additional 284 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Dollar Tree by 35.2% during the second quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company's stock worth $69,000 after acquiring an additional 171 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DLTR shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $75.00 target price on shares of Dollar Tree in a research note on Wednesday, December 4th. Sanford C. Bernstein started coverage on Dollar Tree in a research report on Tuesday, October 22nd. They issued a "market perform" rating and a $76.00 price objective for the company. UBS Group decreased their target price on Dollar Tree from $155.00 to $105.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Wells Fargo & Company cut their price target on Dollar Tree from $130.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, September 5th. Finally, Melius Research assumed coverage on shares of Dollar Tree in a research report on Monday, September 23rd. They set a "hold" rating and a $70.00 price objective for the company. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $85.58.

Dollar Tree Price Performance

Shares of DLTR stock traded up $1.20 during trading hours on Tuesday, reaching $72.80. The company's stock had a trading volume of 2,824,196 shares, compared to its average volume of 3,456,445. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm's 50 day simple moving average is $67.58 and its 200-day simple moving average is $86.49. 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 has a market capitalization of $15.65 billion, a price-to-earnings ratio of -15.26, a PEG ratio of 2.29 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $7.45 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 earnings per share. Sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share 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.