Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Estuary Capital Management LP

Estuary Capital Management LP lifted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 46.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 611,945 shares of the company's stock after buying an additional 193,529 shares during the quarter. Dollar Tree makes up approximately 13.4% of Estuary Capital Management LP's portfolio, making the stock its 2nd biggest position. Estuary Capital Management LP owned 0.28% of Dollar Tree worth $45,859,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Assetmark Inc. increased its position in shares of Dollar Tree by 74.1% in 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 last quarter. Deseret Mutual Benefit Administrators increased its position in shares of Dollar Tree by 20.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock valued at $68,000 after purchasing an additional 157 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of Dollar Tree by 5.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after purchasing an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in shares of Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock valued at $508,000 after purchasing an additional 220 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the sale, the chief accounting officer now owns 4,231 shares of the company's stock, valued at approximately $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William W. Douglas III acquired 701 shares of the firm's stock in a transaction that occurred on 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 acquisition, the director now owns 1,377 shares of the company's stock, valued at $103,275. This represents a 103.70% increase in their position. The disclosure for this purchase can be found here. 6.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DLTR. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and increased their price objective for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Wells Fargo & Company lifted their price target on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Truist Financial lifted their price target on shares of Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Bank of America cut 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. 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 company's stock. According to MarketBeat.com, Dollar Tree presently has an average rating of "Hold" and an average price target of $82.68.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded up $0.13 during midday trading on Friday, hitting $85.51. The stock had a trading volume of 2,108,004 shares, compared to its average volume of 4,037,542. The company has a market capitalization of $18.39 billion, a PE ratio of -17.93, a P/E/G ratio of 2.16 and a beta of 0.87. The stock has a 50 day moving average price of $73.91 and a two-hundred day moving average price of $71.97. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $5 billion during 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%. The company's revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.55 EPS. As a group, equities analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

About Dollar Tree

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.