Dark Forest Capital Management LP Purchases New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Dark Forest Capital Management LP purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 2nd quarter, Holdings Channel reports. The fund purchased 5,315 shares of the company’s stock, valued at approximately $567,000.

Several other institutional investors have also recently added to or reduced their stakes in DLTR. ICA Group Wealth Management LLC bought a new position in Dollar Tree during the 4th quarter valued at about $26,000. Strategic Financial Concepts LLC bought a new position in Dollar Tree during the 2nd quarter valued at about $26,000. United Community Bank bought a new position in Dollar Tree during the 4th quarter valued at about $27,000. Register Financial Advisors LLC bought a new position in Dollar Tree during the 1st quarter valued at about $28,000. Finally, Mather Group LLC. lifted its holdings in Dollar Tree by 198.9% during 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 last quarter. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on DLTR. Melius Research began coverage on shares of Dollar Tree in a research note on Monday, September 23rd. They issued a “hold” rating and a $70.00 target price for the company. Citigroup dropped their target price on shares of Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. KeyCorp dropped their target price on shares of Dollar Tree from $145.00 to $84.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Redburn Atlantic raised shares of Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Company dropped their target price 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. One equities research 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 MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and a consensus target price of $91.40.

Insider Activity at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the acquisition, the director now owns 9,823 shares in the company, valued at $670,616.21. 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 Stock Up 0.3 %

Shares of NASDAQ DLTR opened at $73.12 on Friday. The stock has a market cap of $15.72 billion, a P/E ratio of -15.93, a P/E/G ratio of 3.04 and a beta of 0.87. The firm has a 50 day moving average price of $88.03 and a 200 day moving average price of $107.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree, Inc. has a 52-week low of $60.81 and a 52-week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. Analysts expect that Dollar Tree, Inc. will post 5.33 EPS for the current year.

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.