Two Sigma Investments LP Buys 586,464 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Two Sigma Investments LP raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 868.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 654,018 shares of the company's stock after buying an additional 586,464 shares during the period. Two Sigma Investments LP owned about 0.30% of Dollar Tree worth $49,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Empower Advisory Group LLC increased its position in Dollar Tree by 15.3% during the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock valued at $56,986,000 after acquiring an additional 100,676 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Dollar Tree during the 4th quarter valued at about $520,000. Strategic Wealth Investment Group LLC bought a new position in shares of Dollar Tree in the 4th quarter worth approximately $448,000. Intrepid Capital Management Inc. boosted its holdings in shares of Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after buying an additional 13,751 shares during the last quarter. Finally, Alberta Investment Management Corp grew its position in Dollar Tree by 253.2% during the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock valued at $7,014,000 after buying an additional 67,100 shares during the period. 97.40% of the stock is owned by institutional investors.

Insider Activity at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the firm's 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 owns 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William W. Douglas III purchased 701 shares of the company's stock in a transaction that occurred 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 completion of the purchase, the director now owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70% increase in their position. The disclosure for this purchase can be found here. 6.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Evercore ISI lifted their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. Wells Fargo & Company lifted their target price on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. UBS Group cut their price target on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 21st. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Finally, Bank of America cut their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Dollar Tree currently has an average rating of "Hold" and a consensus price target of $82.68.

Dollar Tree Stock Up 0.1%

Shares of DLTR opened at $86.61 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a market capitalization of $18.63 billion, a price-to-earnings ratio of -18.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $121.92. The business's 50 day simple moving average is $76.26 and its 200-day simple moving average is $72.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. During the same period in the previous year, the company earned $2.55 EPS. Dollar Tree's revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal 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.

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