Polar Asset Management Partners Inc. Boosts Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Polar Asset Management Partners Inc. lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 100.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,200 shares of the company's stock after purchasing an additional 53,600 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Dollar Tree were worth $8,034,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on DLTR. Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the stock a "market perform" rating in a report on Monday, May 5th. Truist Financial upped their price objective on Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Wells Fargo & Company lifted their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Finally, Bank of America dropped their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. One 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's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $82.68.

Insider Transactions at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were 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 in the company, valued at $316,055.70. This trade represents a 22.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the firm's stock in a transaction dated 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 purchase, the director now owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.60% of the company's stock.

Dollar Tree Price Performance

NASDAQ DLTR traded up $0.10 during mid-day trading on Monday, hitting $86.61. The stock had a trading volume of 3,653,787 shares, compared to its average volume of 4,074,321. The firm's 50 day moving average is $75.76 and its 200 day moving average is $72.73. 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 stock has a market capitalization of $18.63 billion, a price-to-earnings ratio of -18.16, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $121.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) 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 positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.55 EPS. Equities research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share 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.