Boothbay Fund Management LLC Acquires 12,411 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Boothbay Fund Management LLC boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 39.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,981 shares of the company's stock after acquiring an additional 12,411 shares during the period. Boothbay Fund Management LLC's holdings in Dollar Tree were worth $3,296,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DLTR. Bessemer Group Inc. lifted its holdings in Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after purchasing an additional 346 shares in the last quarter. Assetmark Inc. raised its stake in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after acquiring an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust raised its stake in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after buying an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 210 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 1.1 %

Shares of Dollar Tree stock traded up $0.88 during trading on Wednesday, reaching $81.77. The company had a trading volume of 3,435,531 shares, compared to its average volume of 3,995,526. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $123.17. The firm's fifty day moving average is $72.15 and its 200-day moving average is $71.02. The company has a market cap of $17.59 billion, a price-to-earnings ratio of -17.14, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly 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). 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 business's quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.55 EPS. On average, analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on DLTR. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Wells Fargo & Company raised their price objective 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. Guggenheim decreased their target price on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, Truist Financial set a $84.00 target price on shares of Dollar Tree in a research note on Thursday, March 27th. One 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 stock. Based on data from MarketBeat, Dollar Tree has an average rating of "Hold" and a consensus target price of $81.84.

Insider Buying and Selling

In other Dollar Tree news, Director William W. Douglas III acquired 701 shares of the company's stock in a transaction dated 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 purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at $316,055.70. This represents a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by company 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.