Deutsche Bank AG Acquires 36,474 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Deutsche Bank AG increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 911,989 shares of the company's stock after buying an additional 36,474 shares during the period. Deutsche Bank AG owned about 0.42% of Dollar Tree worth $68,344,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in shares of Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after purchasing an additional 346 shares during the last quarter. Assetmark Inc. boosted its stake in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Dollar Tree by 120.8% during 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 during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 in the last quarter. Finally, Hurley Capital LLC acquired a new position in Dollar Tree during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DLTR shares. Bank of America dropped their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Telsey Advisory Group raised their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research report on Thursday, March 27th. Finally, Truist Financial boosted their price target on Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. One 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. According to MarketBeat.com, Dollar Tree currently has a consensus rating of "Hold" and an average price target of $82.68.

Insider Buying and Selling

In other news, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm'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 transaction of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. The trade was a 22.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.60% of the company's stock.

Dollar Tree Stock Performance

Shares of DLTR traded down $0.07 on Friday, reaching $86.51. 2,661,912 shares of the stock traded hands, compared to its average volume of 4,061,437. The stock's 50-day moving average price is $75.35 and its 200-day moving average price is $72.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of -18.14, a P/E/G ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted 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 analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.55 EPS. Equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.