Quest Partners LLC Increases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Quest Partners LLC has increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 28.3% during the third quarter, as per the latest disclosure to the Securities and Exchange Commission. The firm now owns 2,006 shares after acquiring an additional 442 shares during this period. By the end of the recent quarter, Quest Partners LLC's holdings in Dollar Tree were valued at approximately $141,000.

Additionally, several other institutional investors have made changes to their holdings of DLTR. EverSource Wealth Advisors LLC increased its position in Dollar Tree by 29.3% in the first quarter, resulting in ownership of 486 shares valued at $65,000 after buying 110 more shares. Valeo Financial Advisors LLC expanded its stake by 2.1% in the second quarter, now holding 5,650 shares worth $603,000 after acquiring 116 additional shares. Raymond James Trust N.A. raised its holdings by 2.5% during the same quarter, owning 4,996 shares valued at $533,000 following a purchase of 124 shares. Also, Burney Co. boosted its position by 1.4% in the first quarter, owning 9,598 shares worth $1,278,000 after adding 131 shares. Lastly, UMB Bank n.a. significantly increased its stake by 52.0% in the second quarter, bringing its total to 535 shares valued at $57,000 after purchasing 183 shares. Currently, approximately 97.40% of Dollar Tree’s stock is owned by institutional investors.

Recent Stock Performance

The stock of Dollar Tree opened at $71.50 on the last trading day. Its fifty-day simple moving average is $67.48, while the two-hundred day simple moving average stands at $89.09. Over the past year, Dollar Tree has recorded a low of $60.49 and a high of $151.21. The company boasts a market capitalization of $15.37 billion, with a P/E ratio of -14.65 and a P/E/G ratio of 2.76. The beta for the stock is 0.87, and it 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 – Get Free Report) released its recent earnings report on September 4th. The company reported earnings per share (EPS) of $0.67 for the quarter, falling short of analysts' expectation of $1.04 by $0.37. The firm registered a positive return on equity of 15.77% but had a negative net margin of 3.44%. Revenue for the quarter was $7.37 billion, slightly below the projected $7.49 billion. Comparatively, during the same quarter last year, the company earned $0.91 EPS, indicating a modest revenue increase of 0.7% year-over-year. Analysts forecast that Dollar Tree, Inc. will achieve an EPS of 5.35 for the current year.

Analyst Opinions

Equity research analysts have shared their insights concerning DLTR shares recently. Sanford C. Bernstein started covering Dollar Tree on October 22nd, setting a “market perform” rating and a price target of $76.00. The Goldman Sachs Group revised their target price for Dollar Tree shares from $145.00 to $90.00, maintaining a “buy” rating in a report published on September 10th. StockNews.com downgraded Dollar Tree from a “hold” rating to a “sell” rating on November 20th. Loop Capital lowered Dollar Tree from a “buy” rating to “hold,” setting a target price of $65.00 on September 5th. On the same day, Truist Financial reduced their price objective for Dollar Tree from $140.00 to $79.00 while assigning a “buy” rating. As per MarketBeat data, one analyst has issued a sell rating, fifteen maintain a hold rating, and five analysts recommend a buy, giving Dollar Tree a consensus rating of “Hold” and an average price target of $87.95.

Insider Transactions

In other developments regarding Dollar Tree, Director Daniel J. Heinrich purchased 2,200 shares on September 6th at an average cost of $68.27 per share for a total expenditure of $150,194. Following this transaction, he now holds 9,823 shares valued at around $670,616.21, marking a 28.86% increase in his ownership percentage of the stock. This transaction was officially disclosed in a filing with the SEC. Insiders currently hold 6.80% of Dollar Tree’s shares.

About Dollar Tree, Inc.

Dollar Tree, Inc. operates retail discount stores in two segments: Dollar Tree and Family Dollar. The Dollar Tree segment boasts a fixed price point of $1.25 on its merchandise, offering a variety of products including consumables like household items, food, personal care products, and seasonal merchandise for holidays.

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