Easterly Investment Partners LLC Increases Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Easterly Investment Partners LLC boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 107.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,588 shares of the company’s stock after purchasing an additional 42,314 shares during the period. Easterly Investment Partners LLC’s holdings in Dollar Tree were worth $5,737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DLTR. Strategic Financial Concepts LLC purchased a new position in shares of Dollar Tree in the second quarter valued at $26,000. Mather Group LLC. grew its stake in Dollar Tree by 198.9% in the 2nd quarter. Mather Group LLC. now owns 281 shares of the company’s stock valued at $30,000 after acquiring an additional 187 shares during the last quarter. Eastern Bank purchased a new position in Dollar Tree during the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar Tree during the 2nd quarter valued at about $37,000. Finally, Blue Trust Inc. raised its position in Dollar Tree by 174.5% during the second quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 274 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLTR has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley lowered their target price on Dollar Tree from $130.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Guggenheim cut their price target on Dollar Tree from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday, September 6th. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research report on Monday, September 23rd. Finally, KeyCorp cut Dollar Tree from an “overweight” rating to a “sector weight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree presently has an average rating of “Hold” and a consensus target price of $88.11.

Insider Activity

In other news, Director Daniel J. Heinrich acquired 2,200 shares of Dollar Tree stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.80% of the company’s stock.

Dollar Tree Trading Down 2.9 %

DLTR traded down $1.85 during midday trading on Friday, hitting $61.69. The company’s stock had a trading volume of 1,522,964 shares, compared to its average volume of 3,286,475. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33. The firm has a market cap of $13.26 billion, a P/E ratio of -13.02, a PEG ratio of 2.83 and a beta of 0.87. The firm has a 50-day moving average price of $69.76 and a two-hundred day moving average price of $95.00. Dollar Tree, Inc. has a 52-week low of $60.52 and a 52-week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.33 earnings per share for the current year.

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.