Sciencast Management LP Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Sciencast Management LP acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,336 shares of the company’s stock, valued at approximately $844,000.

Several other hedge funds have also recently modified their holdings of the stock. Capital International Investors boosted its position in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 10,581,632 shares of the company’s stock valued at $1,503,123,000 after acquiring an additional 2,445,827 shares during the last quarter. Norges Bank bought a new position in Dollar Tree during the fourth quarter valued at $333,373,000. FIL Ltd grew its stake in shares of Dollar Tree by 96.0% in the 4th quarter. FIL Ltd now owns 3,197,638 shares of the company’s stock worth $454,224,000 after buying an additional 1,566,392 shares in the last quarter. Capital World Investors grew its position in Dollar Tree by 2.8% in the fourth quarter. Capital World Investors now owns 17,608,690 shares of the company’s stock worth $2,501,314,000 after acquiring an additional 487,180 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Dollar Tree by 15.3% in the 4th quarter. Franklin Resources Inc. now owns 2,565,533 shares of the company’s stock worth $364,434,000 after purchasing an additional 340,461 shares during the period. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Up 0.6 %

DLTR traded up $0.63 on Friday, hitting $107.36. The company had a trading volume of 1,852,464 shares, compared to its average volume of 2,776,126. The stock has a market capitalization of $23.08 billion, a price-to-earnings ratio of -23.39, a P/E/G ratio of 1.10 and a beta of 0.88. The stock has a fifty day moving average price of $111.85 and a 200-day moving average price of $126.66. Dollar Tree, Inc. has a 12-month low of $101.83 and a 12-month high of $154.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $1.43 EPS for the quarter, hitting the consensus estimate of $1.43. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. Dollar Tree’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.47 EPS. Analysts predict that Dollar Tree, Inc. will post 6.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Robert Aflatooni sold 827 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $105.58, for a total value of $87,314.66. Following the completion of the transaction, the insider now owns 9,725 shares in the company, valued at approximately $1,026,765.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DLTR has been the topic of several recent research reports. Evercore ISI increased their price target on Dollar Tree from $136.00 to $137.00 and gave the company an “in-line” rating in a report on Thursday, June 20th. BMO Capital Markets dropped their price target on shares of Dollar Tree from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Gordon Haskett downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating and cut their price target for the company from $150.00 to $140.00 in a report on Wednesday, April 3rd. Morgan Stanley decreased their price objective on shares of Dollar Tree from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, June 6th. Finally, Jefferies Financial Group cut their target price on Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $142.45.

Dollar Tree Company 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.