Headlands Technologies LLC Has $4.71 Million Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Headlands Technologies LLC grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1,485.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,807 shares of the company’s stock after purchasing an additional 58,845 shares during the quarter. Headlands Technologies LLC’s holdings in Dollar Tree were worth $4,707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC raised its stake in Dollar Tree by 5.6% in the third quarter. Townsquare Capital LLC now owns 17,433 shares of the company’s stock valued at $1,226,000 after buying an additional 931 shares during the period. Arizona PSPRS Trust bought a new stake in shares of Dollar Tree during the third quarter worth approximately $1,210,000. Clearline Capital LP acquired a new position in shares of Dollar Tree in the third quarter valued at approximately $1,048,000. Cinctive Capital Management LP acquired a new stake in Dollar Tree during the 3rd quarter worth approximately $7,371,000. Finally, Harber Asset Management LLC grew its holdings in Dollar Tree by 174.4% in the 3rd quarter. Harber Asset Management LLC now owns 215,552 shares of the company’s stock valued at $15,158,000 after buying an additional 136,987 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Trading Up 3.2 %

NASDAQ DLTR opened at $75.07 on Tuesday. The firm has a market capitalization of $16.15 billion, a PE ratio of -15.74, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The business’s 50-day moving average price is $71.23 and its two-hundred day moving average price is $70.32. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $137.14.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DLTR. Piper Sandler reiterated a “neutral” rating and set a $72.00 target price (up from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Loop Capital restated a “hold” rating on shares of Dollar Tree in a research note on Thursday. Evercore ISI lifted their price target 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. Truist Financial decreased their target price on Dollar Tree from $83.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, UBS Group dropped their target price on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 21st. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and a consensus target price of $83.42.

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.