Interval Partners LP Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Interval Partners LP bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,000 shares of the company’s stock, valued at approximately $3,747,000.

Other large investors have also recently bought and sold shares of the company. Empower Advisory Group LLC lifted its holdings in Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock worth $56,986,000 after acquiring an additional 100,676 shares during the last quarter. Pzena Investment Management LLC bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $520,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $448,000. Intrepid Capital Management Inc. raised its holdings in shares of Dollar Tree by 103.6% during the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company’s stock valued at $2,025,000 after buying an additional 13,751 shares during the last quarter. Finally, Alberta Investment Management Corp raised its holdings in shares of Dollar Tree by 253.2% during the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock valued at $7,014,000 after buying an additional 67,100 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 0.2%

Dollar Tree stock opened at $85.51 on Monday. The company has a 50 day moving average price of $73.91 and a 200 day moving average price of $71.97. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $123.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The firm has a market capitalization of $18.39 billion, a price-to-earnings ratio of -17.93, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The company had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $2.55 EPS. Research analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In related news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $316,055.70. The trade was a 22.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70% increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DLTR. Wells Fargo & Company lifted their price target on Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. lowered their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Citigroup upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and raised their price objective for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Finally, Truist Financial raised their price objective on shares of Dollar Tree from $84.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $82.68.

Dollar Tree 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.