Sciencast Management LP Purchases 1,001 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Sciencast Management LP grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 27.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,608 shares of the company’s stock after purchasing an additional 1,001 shares during the quarter. Sciencast Management LP’s holdings in Dollar Tree were worth $666,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wealth Alliance boosted its stake in shares of Dollar Tree by 38.6% during the fourth quarter. Wealth Alliance now owns 4,114 shares of the company’s stock valued at $582,000 after purchasing an additional 1,146 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Dollar Tree by 15.2% during the first quarter. Guggenheim Capital LLC now owns 48,582 shares of the company’s stock valued at $6,974,000 after purchasing an additional 6,423 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Dollar Tree by 6.7% during the first quarter. Janney Montgomery Scott LLC now owns 41,337 shares of the company’s stock valued at $5,934,000 after purchasing an additional 2,589 shares during the period. Simplicity Solutions LLC boosted its stake in shares of Dollar Tree by 71.4% during the first quarter. Simplicity Solutions LLC now owns 3,001 shares of the company’s stock valued at $431,000 after purchasing an additional 1,250 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Dollar Tree by 37.6% during the first quarter. Vanguard Personalized Indexing Management LLC now owns 12,945 shares of the company’s stock valued at $1,858,000 after purchasing an additional 3,537 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dollar Tree

In related news, insider Jennifer Hulett sold 1,484 shares of Dollar Tree stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $143.61, for a total value of $213,117.24. Following the sale, the insider now owns 6,825 shares of the company’s stock, valued at approximately $980,138.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.00% of the stock is owned by corporate insiders.

Dollar Tree Stock Performance

DLTR opened at $110.50 on Tuesday. Dollar Tree, Inc. has a 12-month low of $110.07 and a 12-month high of $170.36. The company has a current ratio of 1.48, a quick ratio of 0.20 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $24.31 billion, a PE ratio of 20.14, a P/E/G ratio of 6.87 and a beta of 0.73. The firm has a 50 day moving average of $138.10 and a two-hundred day moving average of $142.86.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Thursday, August 24th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.18 billion. Dollar Tree had a net margin of 4.16% and a return on equity of 14.24%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.60 EPS. On average, analysts anticipate that Dollar Tree, Inc. will post 5.97 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on DLTR shares. The Goldman Sachs Group lowered their price objective on shares of Dollar Tree from $158.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday, August 24th. Piper Sandler dropped their target price on shares of Dollar Tree from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, August 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dollar Tree from $172.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, August 25th. Truist Financial dropped their target price on shares of Dollar Tree from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, August 25th. Finally, TheStreet cut shares of Dollar Tree from a “b” rating to a “c+” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree presently has a consensus rating of “Hold” and an average price target of $152.82.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail 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.