AM Squared Ltd Has $127,000 Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

AM Squared Ltd increased its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 12.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,800 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Dollar Tree makes up 0.3% of AM Squared Ltd’s portfolio, making the stock its 25th biggest position. AM Squared Ltd’s holdings in Dollar Tree were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Empower Advisory Group LLC raised its stake in Dollar Tree by 41.3% during the 3rd quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock worth $46,393,000 after buying an additional 192,754 shares during the period. Farther Finance Advisors LLC raised its stake in Dollar Tree by 374.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock worth $160,000 after buying an additional 1,797 shares during the period. Sanctuary Advisors LLC bought a new position in Dollar Tree during the 2nd quarter worth about $779,000. Raymond James & Associates increased its holdings in Dollar Tree by 80.6% during the 3rd quarter. Raymond James & Associates now owns 310,084 shares of the company’s stock worth $21,805,000 after purchasing an additional 138,415 shares in the last quarter. Finally, Forsta AP Fonden increased its holdings in Dollar Tree by 174.7% during the 3rd quarter. Forsta AP Fonden now owns 98,600 shares of the company’s stock worth $6,934,000 after purchasing an additional 62,700 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Price Performance

Shares of DLTR stock opened at $64.20 on Friday. The firm has a 50 day moving average price of $67.95 and a two-hundred day moving average price of $92.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.02. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.37). The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $0.91 earnings per share. Research analysts predict that Dollar Tree, Inc. will post 5.35 earnings per share for the current year.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich purchased 2,200 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $68.27 per share, for a total transaction of $150,194.00. Following the completion of the transaction, the director now owns 9,823 shares in the company, valued at approximately $670,616.21. This represents a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DLTR shares. Truist Financial lowered their target price on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a report on Monday, September 23rd. Citigroup lowered their target price on Dollar Tree from $120.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Wells Fargo & Company decreased their price objective on Dollar Tree from $130.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised their price objective on Dollar Tree from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of “Hold” and a consensus target price of $88.11.

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.