Adage Capital Partners GP L.L.C. Reduces Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Adage Capital Partners GP L.L.C. lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,838 shares of the company’s stock after selling 1,600 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.09% of Dollar Tree worth $14,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

DLTR has been the subject of a number of recent research reports. Truist Financial set a $84.00 price target on shares of Dollar Tree in a research report on Thursday, March 27th. Guggenheim dropped their price target on Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Loop Capital restated a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Evercore ISI lifted their price objective on Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research note on Thursday, March 27th. Finally, UBS Group cut their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.84.

Insiders Place Their Bets

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now directly owns 1,377 shares of the company’s stock, valued at approximately $103,275. This trade represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.80% of the company’s stock.

Dollar Tree Trading Down 0.8 %

Shares of DLTR stock opened at $80.57 on Monday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $123.17. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $71.96 and its 200 day moving average is $70.87. The stock has a market capitalization of $17.33 billion, a P/E ratio of -16.89, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the prior year, the business posted $2.55 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.