Ellevest Inc. Acquires Shares of 3,180 Dollar Tree, Inc. (NASDAQ:DLTR)

Ellevest Inc. bought a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,180 shares of the company's stock, valued at approximately $238,000.

Several other hedge funds also recently modified their holdings of the stock. Ethic Inc. boosted its position in Dollar Tree by 84.3% in the fourth quarter. Ethic Inc. now owns 43,297 shares of the company's stock worth $3,245,000 after purchasing an additional 19,809 shares during the last quarter. Estuary Capital Management LP boosted its position in Dollar Tree by 46.3% in the fourth quarter. Estuary Capital Management LP now owns 611,945 shares of the company's stock worth $45,859,000 after purchasing an additional 193,529 shares during the last quarter. Deutsche Bank AG boosted its position in Dollar Tree by 4.2% in the fourth quarter. Deutsche Bank AG now owns 911,989 shares of the company's stock worth $68,344,000 after purchasing an additional 36,474 shares during the last quarter. Corvex Management LP boosted its position in Dollar Tree by 155.2% in the fourth quarter. Corvex Management LP now owns 2,886,735 shares of the company's stock worth $216,332,000 after purchasing an additional 1,755,761 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in Dollar Tree in the fourth quarter worth $164,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

DLTR has been the topic of a number of recent research reports. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and upped their price target for the company from $76.00 to $103.00 in a research report on Monday, April 7th. UBS Group dropped their price target on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Guggenheim reaffirmed a "buy" rating and set a $100.00 price target (up previously from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, Wells Fargo & Company upped their price target on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $82.68.

Dollar Tree Price Performance

Shares of Dollar Tree stock traded up $0.35 during trading on Wednesday, hitting $86.06. 4,003,456 shares of the stock traded hands, compared to its average volume of 4,064,486. 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 has a market cap of $18.51 billion, a price-to-earnings ratio of -18.04, a PEG ratio of 2.16 and a beta of 0.87. The firm's fifty day moving average is $74.62 and its 200-day moving average is $72.22. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $123.17.

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

Insiders Place Their Bets

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 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. This trade represents a 22.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William W. Douglas III bought 701 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, with a total value of $52,575.00. Following the purchase, 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 disclosure for this purchase can be found here. Company insiders own 6.60% of the company's stock.

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.