Cinctive Capital Management LP Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Cinctive Capital Management LP bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 104,823 shares of the company’s stock, valued at approximately $7,371,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in shares of Dollar Tree during the second quarter worth about $26,000. Mather Group LLC. boosted its position in Dollar Tree by 198.9% during the second quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after buying an additional 187 shares during the period. Eastern Bank bought a new position in shares of Dollar Tree during the third quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Dollar Tree in the second quarter worth about $37,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Price Performance

DLTR opened at $71.27 on Monday. The firm has a market cap of $15.32 billion, a PE ratio of -14.60, a P/E/G ratio of 2.82 and a beta of 0.87. The stock has a 50-day moving average price of $67.47 and a 200-day moving average price of $88.32. 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 issued its earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. During the same period last year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts predict that Dollar Tree, Inc. will post 5.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wells Fargo & Company decreased their price target on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Telsey Advisory Group downgraded shares of Dollar Tree from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $95.00 to $75.00 in a research note on Tuesday, November 5th. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Evercore ISI reduced their target price on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. Finally, StockNews.com lowered Dollar Tree from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and an average price target of $87.95.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $68.27 per share, with a total value of $150,194.00. Following the completion of the acquisition, the director now directly owns 9,823 shares in the company, valued at $670,616.21. This trade represents a 28.86 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.80% of the company’s stock.

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.