Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Teza Capital Management LLC

Teza Capital Management LLC lifted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 367.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,522 shares of the company’s stock after purchasing an additional 30,284 shares during the quarter. Teza Capital Management LLC’s holdings in Dollar Tree were worth $2,887,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DLTR. Empower Advisory Group LLC lifted its position in Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company’s stock valued at $56,986,000 after buying an additional 100,676 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Dollar Tree during the fourth quarter worth approximately $520,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Dollar Tree during the fourth quarter worth approximately $448,000. Intrepid Capital Management Inc. increased its stake 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 worth $2,025,000 after buying an additional 13,751 shares during the period. Finally, Alberta Investment Management Corp increased its stake in Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company’s stock valued at $7,014,000 after purchasing an additional 67,100 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target 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 restated a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. UBS Group lowered their target price on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Truist Financial raised their target price on shares of Dollar Tree from $84.00 to $89.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Finally, Telsey Advisory Group raised their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $82.68.

Dollar Tree Price Performance

Dollar Tree stock opened at $86.51 on Friday. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $121.92. 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 business has a fifty day moving average of $75.76 and a two-hundred day moving average of $72.67. The company has a market cap of $18.61 billion, a P/E ratio of -18.14, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

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

Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III purchased 701 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. This represents a 103.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $316,055.70. This trade represents a 22.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.60% 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.