Scopia Capital Management LP Invests $16.15 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

Scopia Capital Management LP purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 229,673 shares of the company’s stock, valued at approximately $16,151,000. Dollar Tree makes up approximately 3.3% of Scopia Capital Management LP’s portfolio, making the stock its 15th biggest position.

Other large investors have also recently modified their holdings of the company. Primecap Management Co. CA grew its position in Dollar Tree by 5.5% during the 3rd quarter. Primecap Management Co. CA now owns 3,030,845 shares of the company’s stock valued at $213,129,000 after purchasing an additional 158,385 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Dollar Tree by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,492,814 shares of the company’s stock worth $266,124,000 after buying an additional 138,042 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Dollar Tree by 6.6% during the second quarter. American Century Companies Inc. now owns 2,003,910 shares of the company’s stock valued at $213,958,000 after buying an additional 124,021 shares during the last quarter. Equity Investment Corp grew its holdings in shares of Dollar Tree by 95.9% during the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after buying an additional 746,913 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Dollar Tree by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,253,423 shares of the company’s stock valued at $88,141,000 after acquiring an additional 10,681 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DLTR. Redburn Atlantic upgraded Dollar Tree to a “hold” rating in a research note on Monday, September 23rd. BMO Capital Markets dropped their price objective on Dollar Tree from $68.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, November 18th. Truist Financial reduced their price objective on Dollar Tree from $140.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, September 5th. UBS Group lowered their target price on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, StockNews.com lowered shares of Dollar Tree from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, fifteen have assigned 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 $87.95.

Insiders Place Their Bets

In other Dollar Tree news, Director Daniel J. Heinrich acquired 2,200 shares of the stock in a transaction dated Friday, September 6th. The shares were acquired 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 directly owns 9,823 shares of the company’s stock, valued at approximately $670,616.21. The trade was a 28.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

Dollar Tree Trading Down 0.3 %

Shares of NASDAQ:DLTR opened at $71.27 on Friday. The stock has a 50 day moving average of $67.47 and a 200 day moving average of $88.75. The company has a market cap of $15.32 billion, a PE ratio of -14.60, a price-to-earnings-growth ratio of 2.83 and a beta of 0.87. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $151.21. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.33.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.49 billion. Dollar Tree had a positive return on equity of 15.77% and a negative net margin of 3.44%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share. As a group, equities research analysts expect that Dollar Tree, Inc. will post 5.35 EPS for the current year.

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.