ARP Americas LP Makes New $330,000 Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

ARP Americas LP acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,566 shares of the company’s stock, valued at approximately $330,000.

Other hedge funds have also recently made changes to their positions in the company. Eudaimonia Partners LLC bought a new stake in shares of Dollar Tree during the 1st quarter valued at $26,000. Bessemer Group Inc. raised its position in shares of Dollar Tree by 335.7% during the 1st quarter. Bessemer Group Inc. now owns 366 shares of the company’s stock valued at $27,000 after purchasing an additional 282 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in shares of Dollar Tree during the 2nd quarter valued at $50,000. Bainco International Investors bought a new stake in shares of Dollar Tree during the 1st quarter valued at $41,000. Finally, First Bank & Trust bought a new stake in shares of Dollar Tree during the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

DLTR traded down $0.60 on Friday, reaching $93.35. 1,805,690 shares of the company traded hands, compared to its average volume of 1,784,413. Dollar Tree, Inc. has a one year low of $60.20 and a one year high of $119.71. The company has a quick ratio of 0.44, a current ratio of 1.15 and a debt-to-equity ratio of 1.24. The company has a market cap of $22.15 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 2.06 and a beta of 0.63. The firm has a fifty day simple moving average of $92.56 and a two-hundred day simple moving average of $85.44.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.85 by $0.19. Dollar Tree had a net margin of 3.35% and a return on equity of 18.69%. The business had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that Dollar Tree, Inc. will post 4.66 earnings per share for the current year.

Several equities analysts recently weighed in on DLTR shares. BidaskClub raised shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Morgan Stanley raised their target price on shares of Dollar Tree from $105.00 to $108.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. BofA Securities raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $115.00 in a research note on Thursday, July 16th. Citigroup raised their target price on shares of Dollar Tree from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Guggenheim raised their target price on shares of Dollar Tree from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the stock. Dollar Tree currently has an average rating of “Buy” and a consensus target price of $104.09.

Dollar Tree Profile

Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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