Dollar Tree, Inc. (NASDAQ:DLTR) Stake Boosted by Estuary Capital Management LP

Estuary Capital Management LP boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 46.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 611,945 shares of the company’s stock after buying an additional 193,529 shares during the period. Dollar Tree accounts for approximately 13.4% of Estuary Capital Management LP’s portfolio, making the stock its 2nd largest position. Estuary Capital Management LP owned 0.28% of Dollar Tree worth $45,859,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Deutsche Bank AG increased its stake in shares of Dollar Tree by 4.2% in the 4th quarter. Deutsche Bank AG now owns 911,989 shares of the company’s stock worth $68,344,000 after acquiring an additional 36,474 shares in the last quarter. Corvex Management LP lifted its holdings in shares of Dollar Tree by 155.2% during the fourth quarter. Corvex Management LP now owns 2,886,735 shares of the company’s stock valued at $216,332,000 after purchasing an additional 1,755,761 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $164,000. Balyasny Asset Management L.P. grew its stake in shares of Dollar Tree by 2,489.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company’s stock worth $196,452,000 after buying an additional 2,520,237 shares during the last quarter. Finally, Benchstone Capital Management LP bought a new position in Dollar Tree during the 4th quarter valued at approximately $7,590,000. 97.40% of the stock is owned by institutional investors.

Insider Transactions at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the 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 completion of the transaction, the chief accounting officer now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly 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. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on DLTR. UBS Group dropped their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Bank of America cut their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 8th. 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 report on Tuesday, April 1st. Telsey Advisory Group increased their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday, March 27th. Finally, Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the stock a “market perform” rating in a report on Monday. One equities research 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $82.68.

Dollar Tree Price Performance

NASDAQ DLTR opened at $85.38 on Friday. The company has a 50-day moving average price of $73.54 and a 200-day moving average price of $71.76. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $123.17. 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 $18.36 billion, a P/E ratio of -17.90, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last announced 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). The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $2.55 earnings per share. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

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.