Interval Partners LP Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Interval Partners LP acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 50,000 shares of the company's stock, valued at approximately $3,747,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Assetmark Inc. grew its stake in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in Dollar Tree by 20.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock valued at $68,000 after purchasing an additional 157 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Dollar Tree by 5.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock worth $254,000 after purchasing an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after buying an additional 210 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock worth $508,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Up 0.6%

DLTR stock traded up $0.52 during trading on Thursday, hitting $86.58. 2,572,121 shares of the stock traded hands, compared to its average volume of 4,058,545. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $123.17. The stock has a market cap of $18.62 billion, a price-to-earnings ratio of -18.15, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The firm's 50 day moving average is $74.96 and its two-hundred day moving average is $72.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business's revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.55 earnings per share. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

DLTR has been the subject of a number of analyst reports. Wells Fargo & Company increased their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Truist Financial raised their price target on Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. UBS Group reduced their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. JPMorgan Chase & Co. dropped their target price on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price target for the company from $76.00 to $103.00 in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $82.68.

Insider Activity at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William W. Douglas III bought 701 shares of the firm'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 completion of the transaction, the director now owns 1,377 shares in the company, valued at $103,275. This represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.60% of the stock is currently owned by company insiders.

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.