Ancora Advisors LLC Boosts Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Ancora Advisors LLC raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 457,400.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,150 shares of the company's stock after acquiring an additional 9,148 shares during the quarter. Ancora Advisors LLC's holdings in Dollar Tree were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DLTR. Manatuck Hill Partners LLC purchased a new position in Dollar Tree during the 4th quarter worth approximately $749,000. DoubleLine ETF Adviser LP increased its stake in Dollar Tree by 4.4% during the 4th quarter. DoubleLine ETF Adviser LP now owns 11,780 shares of the company's stock worth $883,000 after buying an additional 495 shares in the last quarter. Wahed Invest LLC raised its position in shares of Dollar Tree by 6.1% in the fourth quarter. Wahed Invest LLC now owns 5,205 shares of the company's stock valued at $390,000 after buying an additional 297 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Dollar Tree by 6.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,656 shares of the company's stock worth $349,000 after purchasing an additional 292 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new position in shares of Dollar Tree during the 4th quarter worth $35,894,000. 97.40% of the stock is owned by institutional investors.

Dollar Tree Trading Up 1.1 %

Shares of DLTR stock traded up $0.94 during mid-day trading on Thursday, reaching $85.38. 2,717,929 shares of the stock traded hands, compared to its average volume of 4,034,952. The company has a market cap of $18.36 billion, a price-to-earnings ratio of -17.90, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $123.17. 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 stock's fifty day simple moving average is $73.54 and its two-hundred day simple moving average is $71.76.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS 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 business had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the firm posted $2.55 EPS. The business's revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America reduced 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 note on Tuesday, April 8th. Truist Financial lifted their price target on Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a report on Tuesday. Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the company a "market perform" rating in a research note on Monday. Evercore ISI lifted their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. Finally, Loop Capital restated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. One equities 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. Based on data from MarketBeat, Dollar Tree presently has an average rating of "Hold" and an average target price of $82.68.

Insider Transactions at Dollar Tree

In related news, Director William W. Douglas III bought 701 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were purchased 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 directly owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the 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. The trade was 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 currently 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.