Boothbay Fund Management LLC Has $6.23 Million Stock Position in Dollar Tree, Inc. $DLTR

Boothbay Fund Management LLC lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 15.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,969 shares of the company’s stock after buying an additional 9,072 shares during the period. Boothbay Fund Management LLC’s holdings in Dollar Tree were worth $6,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Alliancebernstein L.P. grew its position in Dollar Tree by 176.9% in the second quarter. Alliancebernstein L.P. now owns 3,746,222 shares of the company’s stock valued at $371,026,000 after acquiring an additional 2,393,172 shares during the period. Norges Bank bought a new position in shares of Dollar Tree during the second quarter valued at $185,784,000. Jupiter Asset Management Ltd. bought a new position in shares of Dollar Tree during the third quarter valued at $118,811,000. Voya Investment Management LLC boosted its stake in shares of Dollar Tree by 103.1% in the 3rd quarter. Voya Investment Management LLC now owns 2,406,748 shares of the company’s stock valued at $226,729,000 after purchasing an additional 1,222,028 shares in the last quarter. Finally, EdgePoint Investment Group Inc. boosted its stake in shares of Dollar Tree by 12.3% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 10,825,801 shares of the company’s stock valued at $1,072,187,000 after purchasing an additional 1,184,294 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

DLTR stock opened at $107.46 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.22. The company has a 50 day moving average price of $125.92 and a 200 day moving average price of $112.81. Dollar Tree, Inc. has a fifty-two week low of $61.87 and a fifty-two week high of $142.40. The stock has a market capitalization of $21.37 billion, a PE ratio of -7.99, a price-to-earnings-growth ratio of 1.34 and a beta of 0.73.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DLTR. Guggenheim increased their target price on shares of Dollar Tree from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Jefferies Financial Group restated an “underperform” rating and issued a $75.00 price target on shares of Dollar Tree in a research report on Wednesday, December 3rd. Wells Fargo & Company lifted their target price on shares of Dollar Tree from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Piper Sandler reissued a “neutral” rating and issued a $114.00 target price (up from $108.00) on shares of Dollar Tree in a report on Thursday, December 4th. Finally, UBS Group increased their price target on Dollar Tree from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $124.62.

Dollar Tree Company Profile

Dollar Tree, Inc is a North American discount retailer that operates a portfolio of value-oriented store banners, primarily Dollar Tree and Family Dollar. The company’s stores offer a broad assortment of everyday items at low price points, including household essentials, food and snacks, health and beauty products, cleaning supplies, seasonal and party goods, home décor, and basic apparel. Dollar Tree’s merchandising strategy emphasizes high-turnover branded and private-label merchandise tailored to budget-conscious consumers, with Family Dollar complementing the chain by offering a wider range of price points and assortment depth in smaller-format neighborhood locations.

Founded in 1986 and headquartered in Chesapeake, Virginia, Dollar Tree has grown through both organic store openings and acquisitions.