Lecap Asset Management Ltd. Makes New $1.90 Million Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Lecap Asset Management Ltd. purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,321 shares of the company’s stock, valued at approximately $1,898,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new stake in shares of Dollar Tree during the 4th quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 acquiring an additional 210 shares in the last quarter. Eastern Bank acquired a new stake in shares of Dollar Tree during the 3rd quarter valued at about $34,000. First Horizon Advisors Inc. boosted its position in shares of Dollar Tree by 105.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock valued at $39,000 after acquiring an additional 284 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of Dollar Tree by 738.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after acquiring an additional 554 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DLTR. Evercore ISI decreased their target price on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Jefferies Financial Group lifted their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Truist Financial lifted their target price on shares of Dollar Tree from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. BMO Capital Markets boosted their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. Finally, Sanford C. Bernstein began coverage on shares of Dollar Tree in a research report on Tuesday, October 22nd. They issued a “market perform” rating and a $76.00 price target on the stock. Seventeen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Trading Up 0.4 %

DLTR opened at $74.52 on Friday. 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 company has a market cap of $16.02 billion, a price-to-earnings ratio of -15.62, a price-to-earnings-growth ratio of 2.34 and a beta of 0.89. The firm has a 50 day simple moving average of $72.83 and a 200 day simple moving average of $76.06. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Dollar Tree Company 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.