6,570 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Acquired by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,570 shares of the company's stock, valued at approximately $493,000.

A number of other institutional investors also recently modified their holdings of the company. Allworth Financial LP raised its holdings in Dollar Tree by 35.9% during the fourth quarter. Allworth Financial LP now owns 1,564 shares of the company's stock worth $113,000 after buying an additional 413 shares during the last quarter. Ieq Capital LLC acquired a new stake in shares of Dollar Tree in the 4th quarter worth about $1,834,000. Fisher Funds Management LTD bought a new position in Dollar Tree in the 4th quarter valued at about $2,377,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Dollar Tree by 17.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 32,244 shares of the company's stock valued at $2,416,000 after purchasing an additional 4,800 shares during the last quarter. Finally, South Dakota Investment Council increased its holdings in Dollar Tree by 22.9% during the 4th quarter. South Dakota Investment Council now owns 30,342 shares of the company's stock worth $2,274,000 after purchasing an additional 5,650 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DLTR shares. Cfra Research raised Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. Evercore ISI lifted their price objective on shares of Dollar Tree from $92.00 to $94.00 and gave the stock an "in-line" rating in a report on Tuesday. Truist Financial raised their price target on shares of Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Piper Sandler boosted their price target on shares of Dollar Tree from $72.00 to $93.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Finally, The Goldman Sachs Group lowered shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Dollar Tree has a consensus rating of "Hold" and a consensus price target of $90.37.

Insider Activity at Dollar Tree

In other news, Director William W. Douglas III bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the acquisition, the director now owns 1,377 shares of the company's stock, valued at approximately $103,275. The trade was a 103.70% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the transaction, the chief marketing officer now directly owns 50,419 shares of the company's stock, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,616 shares of company stock worth $2,112,402. 6.60% of the stock is owned by company insiders.

Dollar Tree Stock Performance

NASDAQ DLTR traded up $0.77 during trading on Wednesday, hitting $99.45. 2,778,497 shares of the company's stock traded hands, compared to its average volume of 4,218,628. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of -7.18, a PEG ratio of 2.78 and a beta of 0.84. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $109.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. The business has a 50 day moving average of $88.56 and a 200-day moving average of $77.60.

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

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.