Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,433 shares of the company’s stock after purchasing an additional 931 shares during the quarter. Townsquare Capital LLC’s holdings in Dollar Tree were worth $1,226,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Primecap Management Co. CA increased its holdings in Dollar Tree by 5.5% in the third quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after buying an additional 158,385 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dollar Tree by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock valued at $266,124,000 after acquiring an additional 138,042 shares during the last quarter. American Century Companies Inc. raised its position in shares of Dollar Tree by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock worth $213,958,000 after acquiring an additional 124,021 shares in the last quarter. Equity Investment Corp boosted its holdings in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after purchasing an additional 746,913 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Dollar Tree by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock valued at $88,141,000 after purchasing an additional 10,681 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $72.81 on Tuesday. The business has a 50 day moving average price of $67.47 and a 200 day moving average price of $88.32. The company has a market capitalization of $15.65 billion, a P/E ratio of -14.92, a PEG ratio of 2.82 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $151.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm 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 earned $0.91 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on DLTR. Wells Fargo & Company reduced their price objective on shares of Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Truist Financial reduced their price target on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Evercore ISI dropped their price objective on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, October 22nd. Citigroup cut their price target on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. increased their price target on Dollar Tree from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree has an average rating of “Hold” and a consensus target price of $87.95.

Insiders Place Their Bets

In related news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of $68.27 per share, with a total value of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This represents a 28.86 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

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.