Marshall Wace LLP Acquires 288,105 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Marshall Wace LLP lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 190.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439,101 shares of the company’s stock after purchasing an additional 288,105 shares during the quarter. Marshall Wace LLP owned 0.20% of Dollar Tree worth $46,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new stake in Dollar Tree in the 4th quarter worth approximately $26,000. United Community Bank purchased a new position in shares of Dollar Tree in the fourth quarter valued at about $27,000. Register Financial Advisors LLC purchased a new stake in Dollar Tree in the 1st quarter worth $28,000. Mather Group LLC. boosted its position in shares of 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 acquiring an additional 187 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar Tree during the second quarter worth approximately $37,000. Institutional investors own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. UBS Group lowered their target price on Dollar Tree from $155.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Barclays dropped their price target on shares of Dollar Tree from $128.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. lowered shares of Dollar Tree from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $111.00 to $70.00 in a research report on Wednesday, September 4th. Truist Financial reduced their target price on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Evercore ISI decreased their price target on shares of Dollar Tree from $128.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and a consensus target price of $91.40.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the acquisition, the director now directly owns 9,823 shares in the company, valued at approximately $670,616.21. The purchase was disclosed in a filing with the SEC, which is available through this link. 6.80% of the stock is currently owned by insiders.

Dollar Tree Trading Down 1.0 %

Shares of Dollar Tree stock opened at $70.55 on Thursday. Dollar Tree, Inc. has a 52-week low of $60.81 and a 52-week high of $151.21. The company’s 50-day simple moving average is $89.40 and its 200-day simple moving average is $108.23. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of -15.37, a price-to-earnings-growth ratio of 3.04 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 announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

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.