Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by DoubleLine ETF Adviser LP

DoubleLine ETF Adviser LP boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,780 shares of the company’s stock after acquiring an additional 495 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Dollar Tree were worth $883,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DLTR. Vanguard Group Inc. increased its holdings in shares of Dollar Tree by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock valued at $1,757,360,000 after purchasing an additional 163,368 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Dollar Tree by 5.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock valued at $743,461,000 after buying an additional 533,920 shares in the last quarter. Capital International Investors lifted its position in shares of Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock valued at $656,000,000 after acquiring an additional 2,023,819 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in shares of Dollar Tree by 382.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock worth $488,974,000 after acquiring an additional 5,173,238 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Dollar Tree by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company’s stock worth $381,964,000 after acquiring an additional 222,352 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Telsey Advisory Group boosted their target price on Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research report on Thursday, March 27th. Evercore ISI boosted their price objective 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. Guggenheim dropped their target price on shares of Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 28th. Loop Capital reaffirmed a “hold” rating on shares of Dollar Tree in a report on Thursday, March 27th. Finally, Citigroup upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and increased their price target for the company from $76.00 to $103.00 in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $81.84.

Dollar Tree Price Performance

Dollar Tree stock opened at $81.27 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 $17.48 billion, a price-to-earnings ratio of -17.04, a PEG 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 $123.17. The firm has a 50 day moving average price of $72.40 and a 200 day moving average price of $71.19.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data 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 positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the company earned $2.55 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Activity

In related news, Director William W. Douglas III acquired 701 shares of the business’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 completion of the transaction, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. This trade represents a 103.70 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.