Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Ethic Inc.

Ethic Inc. raised its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 84.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,297 shares of the company's stock after buying an additional 19,809 shares during the period. Ethic Inc.'s holdings in Dollar Tree were worth $3,245,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Assetmark Inc. grew its position in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators grew its position in 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 buying an additional 157 shares during the last quarter. Checchi Capital Advisers LLC grew its position in 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 buying an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in 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 buying an additional 210 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in 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 buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insiders Place Their Bets

In related news, CAO Aditya Maheshwari sold 1,238 shares of the company's 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 directly owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William W. Douglas III purchased 701 shares of the firm's stock in a transaction on 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 completion of the purchase, the director now owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70% increase in their position. The disclosure for this purchase can be found here. 6.60% of the stock is owned by corporate insiders.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR traded up $0.35 during midday trading on Wednesday, hitting $86.06. 4,003,456 shares of the stock were exchanged, compared to its average volume of 4,064,486. The stock has a market cap of $18.51 billion, a P/E ratio of -18.04, a PEG ratio of 2.16 and a beta of 0.87. 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 twelve month low of $60.49 and a twelve month high of $123.17. The company has a 50 day moving average price of $74.62 and a 200-day moving average price of $72.22.

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). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter last year, the company posted $2.55 earnings per share. Dollar Tree's revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

DLTR has been the topic of a number of analyst reports. Bank of America lowered their price objective 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. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the company a "market perform" rating in a research report on Monday, May 5th. Telsey Advisory Group lifted their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research report on Thursday, March 27th. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Finally, Evercore ISI raised their target price on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a report on Thursday, March 27th. One investment 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's stock. According to MarketBeat.com, Dollar Tree presently has a consensus rating of "Hold" and a consensus price target of $82.68.

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.