3,134 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Bought by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,134 shares of the company's stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DLTR. Intrepid Capital Management Inc. boosted its stake in shares of Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after acquiring an additional 13,751 shares during the last quarter. Forum Financial Management LP purchased a new position in Dollar Tree in the 4th quarter valued at approximately $340,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Dollar Tree by 50.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company's stock worth $1,030,000 after purchasing an additional 4,619 shares during the last quarter. McGinn Penninger Investment Management Inc. raised its position in Dollar Tree by 13.2% in the first quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company's stock valued at $5,149,000 after purchasing an additional 8,015 shares during the period. Finally, State of Wyoming purchased a new stake in shares of Dollar Tree during the fourth quarter worth about $316,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Buying and Selling

In other Dollar Tree news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the sale, the chief marketing officer directly owned 50,419 shares in the company, valued at approximately $4,770,645.78. This trade represents a 29.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.60% of the stock is currently owned by insiders.

Dollar Tree Price Performance

Dollar Tree stock opened at $108.15 on Friday. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of -7.80, a PEG ratio of 2.29 and a beta of 0.86. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $109.74. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $96.18 and a 200-day simple moving average of $81.27.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. Dollar Tree's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree declared that its Board of Directors has initiated a share repurchase program on Wednesday, July 9th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to reacquire up to 11.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DLTR. Guggenheim reiterated a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a research note on Thursday, June 5th. The Goldman Sachs Group lowered shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. Wells Fargo & Company set a $105.00 price target on shares of Dollar Tree and gave the company an "overweight" rating in a research note on Monday, June 2nd. Jefferies Financial Group began coverage on shares of Dollar Tree in a research report on Thursday. They issued a "hold" rating and a $106.00 price target on the stock. Finally, Evercore ISI upped their price objective on shares of Dollar Tree from $92.00 to $94.00 and gave the company an "in-line" rating in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of "Hold" and an average target price of $92.00.

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.

Want to see what other hedge funds are holding DLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar Tree, Inc. (NASDAQ:DLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.