HBK Investments L P Takes $15.02 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

HBK Investments L P purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 200,400 shares of the company’s stock, valued at approximately $15,018,000.

Other large investors also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC boosted its holdings in Dollar Tree by 382.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock valued at $488,974,000 after purchasing an additional 5,173,238 shares during the last quarter. Marshall Wace LLP increased its stake in Dollar Tree by 784.2% during the fourth quarter. Marshall Wace LLP now owns 4,377,366 shares of the company’s stock worth $328,040,000 after acquiring an additional 3,882,324 shares during the last quarter. Norges Bank purchased a new stake in Dollar Tree in the fourth quarter valued at $171,149,000. Capital International Investors raised its position in Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock valued at $656,000,000 after purchasing an additional 2,023,819 shares during the period. Finally, Madison Investment Advisors LLC acquired a new position in shares of Dollar Tree in the 4th quarter valued at $113,315,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

Shares of DLTR opened at $81.23 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 52-week low of $60.49 and a 52-week high of $123.17. The stock has a 50 day moving average price of $71.84 and a 200 day moving average price of $70.78. The company has a market capitalization of $17.47 billion, a price-to-earnings ratio of -17.03, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on DLTR shares. Loop Capital restated a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Guggenheim dropped their price objective on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Bank of America decreased their target price on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 8th. 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 report on Monday, April 7th. Finally, Evercore ISI increased their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Dollar Tree presently has an average rating of “Hold” and a consensus target price of $81.84.

Insider Transactions at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction that occurred on Monday, April 14th. The stock was 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 $316,055.70. The trade was a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now owns 1,377 shares of the company’s stock, valued at $103,275. The trade was a 103.70 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.80% of the company’s stock.

About Dollar Tree

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.