Twin Capital Management Inc. Takes $647,000 Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Twin Capital Management Inc. bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,625 shares of the company's stock, valued at approximately $647,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DLTR. Bessemer Group Inc. grew 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 purchasing an additional 346 shares during the last quarter. Hurley Capital LLC bought a new stake in Dollar Tree in the fourth quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp bought a new stake in Dollar Tree in the fourth quarter valued at approximately $43,000. CX Institutional bought a new stake in Dollar Tree in the first quarter valued at approximately $43,000. Finally, Sentry Investment Management LLC bought a new stake in Dollar Tree in the first quarter valued at approximately $48,000. Institutional investors own 97.40% of the company's stock.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the sale, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America reduced their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, April 8th. Guggenheim reaffirmed a "buy" rating and set a $100.00 target price on shares of Dollar Tree in a research report on Thursday, June 5th. UBS Group upped their target price on Dollar Tree from $95.00 to $108.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Morgan Stanley upped their price target on Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Finally, Truist Financial upped their price target on Dollar Tree from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $96.42.

Dollar Tree Price Performance

DLTR traded up $2.19 during trading on Monday, reaching $112.31. 3,489,581 shares of the company were exchanged, compared to its average volume of 4,234,669. The company's 50-day moving average is $96.67 and its two-hundred day moving average is $81.59. The company has a market cap of $23.44 billion, a price-to-earnings ratio of -8.10, a P/E/G ratio of 2.36 and a beta of 0.86. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $113.40.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 EPS. Research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree announced that its board has authorized a stock repurchase plan on Wednesday, July 9th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 11.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

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.