Sciencast Management LP Purchases Shares of 40,525 Dollar Tree, Inc. (NASDAQ:DLTR)

Sciencast Management LP purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 40,525 shares of the company’s stock, valued at approximately $3,037,000.

Other large investors also recently modified their holdings of the company. Blueshift Asset Management LLC grew its stake in shares of Dollar Tree by 33.8% in the fourth quarter. Blueshift Asset Management LLC now owns 17,230 shares of the company’s stock valued at $1,291,000 after buying an additional 4,351 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in Dollar Tree by 3.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 84,175 shares of the company’s stock valued at $6,308,000 after acquiring an additional 2,786 shares during the last quarter. RD Lewis Holdings Inc. acquired a new stake in Dollar Tree in the fourth quarter valued at $417,000. Primecap Management Co. CA grew its position in shares of Dollar Tree by 31.3% in the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company’s stock valued at $298,143,000 after acquiring an additional 947,580 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Dollar Tree by 31.5% during the 4th quarter. Signaturefd LLC now owns 4,397 shares of the company’s stock worth $330,000 after purchasing an additional 1,054 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DLTR shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $75.00 target price on shares of Dollar Tree in a research note on Thursday, March 6th. Wells Fargo & Company reduced their target price on Dollar Tree from $100.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Guggenheim cut their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. Evercore ISI decreased their price objective on shares of Dollar Tree from $94.00 to $92.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Finally, Loop Capital raised their target price on shares of Dollar Tree from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $84.26.

Dollar Tree Trading Up 3.3 %

DLTR opened at $66.75 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $137.14. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of -13.99, a P/E/G ratio of 2.16 and a beta of 0.91. The company has a 50-day simple moving average of $71.15 and a 200 day simple moving average of $70.16.

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.