Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC lowered its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 17.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,526 shares of the company’s stock after selling 7,909 shares during the period. Nebula Research & Development LLC’s holdings in Dollar Tree were worth $2,887,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DLTR. Assetmark Inc. boosted its position in shares of 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 in the last quarter. Bessemer Group Inc. lifted its stake in 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 purchasing an additional 346 shares during the last quarter. Versant Capital Management Inc bought a new stake in Dollar Tree during the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust grew its position in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director William W. Douglas III acquired 701 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the company’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $316,055.70. The trade was a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Dollar Tree Stock Performance

DLTR opened at $81.23 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The company has a market cap of $17.47 billion, a PE ratio of -17.03, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The stock has a 50-day moving average of $71.84 and a 200-day moving average of $70.78. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $123.17.

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

Wall Street Analysts Forecast Growth

DLTR has been the subject of several research reports. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Bank of America decreased their price target on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 8th. Telsey Advisory Group boosted their price objective on Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a report on Thursday, March 27th. Evercore ISI raised their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company lifted their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $81.84.

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.