Teza Capital Management LLC Raises Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Teza Capital Management LLC raised its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 367.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,522 shares of the company's stock after acquiring an additional 30,284 shares during the period. Teza Capital Management LLC's holdings in Dollar Tree were worth $2,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after buying an additional 346 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after acquiring an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after acquiring an additional 210 shares in the last quarter. Finally, Hurley Capital LLC acquired a new position in shares of Dollar Tree in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Insiders Place Their Bets

In related news, Director William W. Douglas III bought 701 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now owns 1,377 shares of the company's stock, valued at $103,275. This represents a 103.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. Insiders own 6.60% of the company's stock.

Dollar Tree Price Performance

Dollar Tree stock traded up $4.01 during mid-day trading on Tuesday, reaching $90.62. The company had a trading volume of 3,963,534 shares, compared to its average volume of 4,078,530. The business has a fifty day simple moving average of $76.75 and a 200 day simple moving average of $72.99. The company has a market cap of $19.49 billion, a P/E ratio of -19.00, a P/E/G ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $121.92. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the business earned $2.55 EPS. The company's revenue was up .7% compared to the same quarter last year. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DLTR shares. Telsey Advisory Group boosted their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a report on Thursday, March 27th. UBS Group dropped their price target on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Truist Financial increased their price target on Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the stock a "market perform" rating in a report on Monday, May 5th. Finally, Guggenheim reaffirmed a "buy" rating and set a $100.00 price objective (up previously from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree presently has a consensus rating of "Hold" and an average price target of $82.68.

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.