Clearline Capital LP Acquires Shares of 14,910 Dollar Tree, Inc. (NASDAQ:DLTR)

Clearline Capital LP bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,910 shares of the company’s stock, valued at approximately $1,048,000.

Other large investors have also modified their holdings of the company. Strategic Financial Concepts LLC purchased a new position in Dollar Tree in the 2nd quarter worth approximately $26,000. Mather Group LLC. grew its holdings in Dollar Tree by 198.9% during the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after purchasing an additional 187 shares in the last quarter. Eastern Bank purchased a new stake in Dollar Tree during the 3rd quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar Tree during the 2nd quarter worth $37,000. Finally, First Horizon Advisors Inc. boosted its position in 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 buying an additional 284 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DLTR shares. Evercore ISI dropped their target price on Dollar Tree from $105.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Melius Research assumed coverage on Dollar Tree in a research note on Monday, September 23rd. They set a “hold” rating and a $70.00 target price for the company. StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Piper Sandler reduced their price objective on shares of Dollar Tree from $112.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Telsey Advisory Group lowered shares of Dollar Tree from an “outperform” rating to a “market perform” rating and cut their target price for the company from $95.00 to $75.00 in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $87.95.

Insider Activity

In related news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price 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 of the company’s stock, valued at $670,616.21. This trade represents a 28.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Trading Down 0.3 %

Dollar Tree stock opened at $71.27 on Monday. The firm has a 50-day moving average price of $67.47 and a two-hundred day moving average price of $88.32. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $151.21. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of -14.60, a PEG ratio of 2.82 and a beta of 0.87. The company has a quick ratio of 0.17, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. Sell-side analysts expect that Dollar Tree, Inc. will post 5.35 earnings per share for the current year.

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.