AQR Capital Management LLC Invests $4.84 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

AQR Capital Management LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 64,617 shares of the company's stock, valued at approximately $4,842,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empower Advisory Group LLC increased its holdings in shares of Dollar Tree by 15.3% during the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after buying an additional 100,676 shares in the last quarter. Pzena Investment Management LLC acquired a new position in Dollar Tree in the 4th quarter worth about $520,000. Strategic Wealth Investment Group LLC bought a new position in Dollar Tree in the fourth quarter valued at about $448,000. Intrepid Capital Management Inc. raised its position in Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after purchasing an additional 13,751 shares during the last quarter. Finally, Alberta Investment Management Corp grew its holdings in shares of Dollar Tree by 253.2% during the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after purchasing an additional 67,100 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Dollar Tree Stock Up 0.2 %

Shares of NASDAQ:DLTR traded up $0.13 during midday trading on Friday, hitting $85.51. 2,108,004 shares of the company's stock were exchanged, compared to its average volume of 4,037,542. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $123.17. The company has a market cap 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. The stock has a 50 day moving average price of $73.91 and a 200-day moving average price of $71.93.

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 during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the business earned $2.55 EPS. The firm's revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on DLTR shares. Sanford C. Bernstein set a $82.00 target price on shares of Dollar Tree and gave the stock a "market perform" rating in a research report on Monday, May 5th. Guggenheim reaffirmed a "buy" rating and set a $100.00 target price (up from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. Wells Fargo & Company upped their price target on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Evercore ISI raised their price objective on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research report on Thursday, March 27th. Finally, UBS Group decreased their target price on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Dollar Tree presently has an average rating of "Hold" and an average price target of $82.68.

Insider Buying and Selling

In related news, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now owns 1,377 shares in the company, valued at $103,275. This represents a 103.70 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction dated 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 directly owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Dollar Tree Company 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.