Gotham Asset Management LLC Has $3.34 Million Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Gotham Asset Management LLC lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 72.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,621 shares of the company's stock after purchasing an additional 18,764 shares during the quarter. Gotham Asset Management LLC's holdings in Dollar Tree were worth $3,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Principal Financial Group Inc. lifted its stake in Dollar Tree by 0.6% during the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company's stock worth $16,346,000 after purchasing an additional 1,485 shares during the last quarter. Czech National Bank lifted its stake in Dollar Tree by 6.5% during the fourth quarter. Czech National Bank now owns 43,818 shares of the company's stock worth $3,284,000 after purchasing an additional 2,659 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Dollar Tree by 1.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 706,838 shares of the company's stock worth $52,970,000 after purchasing an additional 12,888 shares during the last quarter. St. Louis Financial Planners Asset Management LLC purchased a new stake in Dollar Tree during the fourth quarter worth approximately $1,296,000. Finally, Avanza Fonder AB purchased a new stake in Dollar Tree during the fourth quarter worth approximately $1,563,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several research analyst reports. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. UBS Group dropped their target price on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company boosted their target price on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Truist Financial boosted their target price on Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Loop Capital restated a "hold" rating 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. According to MarketBeat, Dollar Tree presently has an average rating of "Hold" and an average target price of $82.68.

Dollar Tree Stock Performance

NASDAQ:DLTR traded down $0.07 during trading hours on Friday, reaching $86.51. 2,661,912 shares of the stock were exchanged, compared to its average volume of 4,076,010. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $75.76 and a 200-day simple moving average of $72.67. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $121.92. The stock has a market capitalization of $18.61 billion, a P/E ratio of -18.14, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the business posted $2.55 EPS. As a group, sell-side analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other news, Director William W. Douglas III purchased 701 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $92,478.60. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.

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.