Alyeska Investment Group L.P. Purchases 135,182 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Alyeska Investment Group L.P. lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 205.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,040 shares of the company's stock after purchasing an additional 135,182 shares during the period. Alyeska Investment Group L.P. owned 0.09% of Dollar Tree worth $15,066,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DLTR. Kovitz Investment Group Partners LLC grew its holdings in Dollar Tree by 382.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock worth $488,974,000 after purchasing an additional 5,173,238 shares during the period. Marshall Wace LLP grew its stake in shares of Dollar Tree by 784.2% in the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock valued at $328,040,000 after buying an additional 3,882,324 shares during the period. Norges Bank bought a new stake in Dollar Tree in the 4th quarter valued at about $171,149,000. Capital International Investors raised its stake in Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after buying an additional 2,023,819 shares during the period. Finally, Madison Investment Advisors LLC bought a new position in Dollar Tree in the fourth quarter worth approximately $113,315,000. 97.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DLTR has been the topic of a number of research reports. Bank of America lowered their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Evercore ISI lifted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a report on Thursday, March 27th. Truist Financial upped their target price on shares of Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a report on Tuesday. Wells Fargo & Company boosted their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Finally, Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the company a "market perform" rating in a report on Monday. 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. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $82.68.

Insider Activity

In related news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William W. Douglas III purchased 701 shares of the stock in a transaction on 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 owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company's stock.

Dollar Tree Stock Performance

DLTR stock traded up $0.13 during midday trading on Friday, reaching $85.51. 2,107,985 shares of the company's stock traded hands, compared to its average volume of 4,027,275. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $123.17. The company has a 50-day moving average price of $73.54 and a two-hundred day moving average price of $71.76. 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 firm has a market capitalization of $18.39 billion, a PE ratio of -17.93, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share 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 for the quarter, compared to analysts' expectations of $8.23 billion. During the same period in the previous year, the firm earned $2.55 EPS. The firm's quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS 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.