Entropy Technologies LP Invests $2.17 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

Entropy Technologies LP acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 29,000 shares of the company’s stock, valued at approximately $2,173,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree during the 4th quarter worth $30,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares during the period. Eastern Bank purchased a new position in Dollar Tree during the 3rd quarter worth approximately $34,000. First Horizon Advisors Inc. increased its position in Dollar Tree by 105.6% during the third quarter. First Horizon Advisors Inc. now owns 553 shares of the company’s stock worth $39,000 after buying an additional 284 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company’s stock valued at $44,000 after buying an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Down 2.5 %

Dollar Tree stock opened at $72.66 on Monday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of -15.23, a price-to-earnings-growth ratio of 2.11 and a beta of 0.89. The stock’s fifty day moving average is $72.86 and its two-hundred day moving average is $75.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. The firm had revenue of $7.57 billion for 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 firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. Analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. BMO Capital Markets lifted their price objective on shares of Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Evercore ISI dropped their price target on 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. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $75.00 price objective on shares of Dollar Tree in a research report on Friday, December 20th. Seventeen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Dollar Tree currently has an average rating of “Hold” and a consensus price target of $85.58.

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.