Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 72.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 44,621 shares of the company’s stock after buying an additional 18,764 shares during the quarter. Gotham Asset Management LLC’s holdings in Dollar Tree were worth $3,344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Graham Capital Management L.P. acquired a new stake in shares of Dollar Tree in the fourth quarter valued at about $387,000. Focus Partners Wealth increased its holdings in Dollar Tree by 16.3% in the fourth quarter. Focus Partners Wealth now owns 10,433 shares of the company’s stock valued at $782,000 after buying an additional 1,465 shares in the last quarter. Fund 1 Investments LLC purchased a new position in Dollar Tree in the fourth quarter valued at about $7,041,000. EdgePoint Investment Group Inc. lifted its position in shares of Dollar Tree by 14.4% during the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock valued at $595,036,000 after acquiring an additional 1,000,637 shares during the period. Finally, Ellevest Inc. purchased a new stake in shares of Dollar Tree during the 4th quarter worth approximately $238,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Up 0.4%

Shares of Dollar Tree stock opened at $86.06 on Thursday. The firm has a market cap of $18.51 billion, a PE ratio of -18.04, a P/E/G ratio of 2.16 and a beta of 0.87. 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 fifty-two week low of $60.49 and a fifty-two week high of $123.17. The business’s fifty day moving average is $74.96 and its two-hundred day moving average is $72.31.

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). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last year, the company posted $2.55 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. Analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Activity

In other news, Director William W. Douglas III acquired 701 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value 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 $316,055.70. This trade represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DLTR shares. Truist Financial upped their price target on Dollar Tree from $84.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Citigroup upgraded Dollar Tree from a “neutral” rating to a “buy” rating and raised their price target for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Telsey Advisory Group lifted their price target on Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research note on Thursday, March 27th. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a 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 issued a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has an average rating of “Hold” and an average target price of $82.68.

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.