Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 98.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,940 shares of the company’s stock after purchasing an additional 4,440 shares during the period. Intact Investment Management Inc.’s holdings in Dollar Tree were worth $955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DLTR. Dorsal Capital Management LP acquired a new position in shares of Dollar Tree during the 4th quarter worth approximately $35,512,000. Wellington Management Group LLP lifted its holdings in Dollar Tree by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 2,881,772 shares of the company’s stock valued at $409,356,000 after purchasing an additional 73,588 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Dollar Tree by 92.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 146,614 shares of the company’s stock valued at $20,826,000 after purchasing an additional 70,478 shares during the period. Bridgefront Capital LLC increased its stake in shares of Dollar Tree by 62.5% during the fourth quarter. Bridgefront Capital LLC now owns 4,918 shares of the company’s stock worth $699,000 after purchasing an additional 1,892 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Dollar Tree by 1.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 43,671 shares of the company’s stock worth $6,203,000 after purchasing an additional 743 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DLTR. Citigroup lowered Dollar Tree from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $163.00 to $120.00 in a research note on Thursday, June 6th. Piper Sandler downgraded Dollar Tree from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $143.00 to $112.00 in a research note on Tuesday, July 16th. UBS Group lowered their target price on shares of Dollar Tree from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Wells Fargo & Company reduced their target price on shares of Dollar Tree from $160.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Evercore ISI boosted their price target on shares of Dollar Tree from $136.00 to $137.00 and gave the stock an “in-line” rating in a research report on Thursday, June 20th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.56.

Dollar Tree Trading Down 0.4 %

NASDAQ DLTR traded down $0.30 during trading hours on Friday, reaching $84.49. The company had a trading volume of 5,093,482 shares, compared to its average volume of 2,756,473. The stock has a 50-day moving average of $101.12 and a 200 day moving average of $117.55. Dollar Tree, Inc. has a 1-year low of $83.72 and a 1-year high of $151.21. The company has a current ratio of 1.28, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $18.16 billion, a P/E ratio of -18.41, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.43. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The business had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.63 billion. During the same period in the previous year, the firm earned $1.47 EPS. The business’s revenue was up 4.2% on a year-over-year basis. As a group, research analysts anticipate that Dollar Tree, Inc. will post 6.63 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In other news, insider Robert Aflatooni sold 827 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $105.58, for a total transaction of $87,314.66. Following the sale, the insider now owns 9,725 shares of the company’s stock, valued at $1,026,765.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.80% of the company’s stock.

About Dollar Tree

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.