Mattern Capital Management LLC Increases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Mattern Capital Management LLC grew its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 57.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,263 shares of the company’s stock after acquiring an additional 3,740 shares during the quarter. Mattern Capital Management LLC’s holdings in Dollar Tree were worth $769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empower Advisory Group LLC raised its stake in shares of Dollar Tree by 41.3% in the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after acquiring an additional 192,754 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Dollar Tree by 374.4% in the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after purchasing an additional 1,797 shares during the last quarter. Equity Investment Corp grew its holdings in shares of Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock worth $107,264,000 after purchasing an additional 746,913 shares during the last quarter. Forest Avenue Capital Management LP bought a new position in shares of Dollar Tree in the third quarter worth about $19,591,000. Finally, Anthracite Investment Company Inc. bought a new position in shares of Dollar Tree in the third quarter worth about $2,813,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $76.29 on Friday. The firm has a market capitalization of $16.40 billion, a P/E ratio of -15.99, a PEG ratio of 2.11 and a beta of 0.89. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $73.04 and a 200 day moving average price of $73.94. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same period last year, the firm posted $0.97 EPS. Dollar Tree’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on DLTR shares. StockNews.com upgraded shares of Dollar Tree from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Truist Financial upped their price target on shares of Dollar Tree from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Guggenheim cut their price target on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Loop Capital upped their price target on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, BMO Capital Markets upped their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, December 5th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.