Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,752 shares of the company’s stock after acquiring an additional 319 shares during the period. Townsquare Capital LLC’s holdings in Dollar Tree were worth $1,330,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DLTR. Assetmark Inc. boosted its position in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after acquiring an additional 346 shares during the period. Versant Capital Management Inc bought a new position in shares of Dollar Tree during the fourth quarter worth about $30,000. Parkside Financial Bank & Trust increased its holdings in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after acquiring an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Citigroup raised Dollar Tree from a “neutral” rating to a “buy” rating and lifted their target price for the company from $76.00 to $103.00 in a research note on Monday, April 7th. UBS Group decreased their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Truist Financial set a $84.00 price objective on shares of Dollar Tree in a research note on Thursday, March 27th. Finally, Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $81.84.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William W. Douglas III bought 701 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company’s stock.

Dollar Tree Trading Up 8.1 %

NASDAQ:DLTR opened at $79.14 on Friday. The stock has a fifty day simple moving average of $70.91 and a 200 day simple moving average of $70.39. 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 firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of -16.59, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $124.81.

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