Balefire LLC Invests $287,000 in Dollar Tree, Inc. (NASDAQ:DLTR)

Balefire LLC purchased a new position in 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 purchased 3,817 shares of the company's stock, valued at approximately $287,000.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Dollar Tree by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock worth $1,757,360,000 after purchasing an additional 163,368 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Dollar Tree by 5.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock worth $743,461,000 after purchasing an additional 533,920 shares during the last quarter. Capital International Investors raised its stake in shares of Dollar Tree by 30.1% in the fourth quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after purchasing an additional 2,023,819 shares during the last quarter. EdgePoint Investment Group Inc. raised its stake in shares of Dollar Tree by 14.4% in the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock worth $595,036,000 after purchasing an additional 1,000,637 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of Dollar Tree by 382.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock worth $488,974,000 after purchasing an additional 5,173,238 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DLTR shares. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $76.00 to $103.00 in a research note on Monday, April 7th. The Goldman Sachs Group cut Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. UBS Group upped their price objective on Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Piper Sandler upped their price objective on Dollar Tree from $72.00 to $93.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Finally, Cfra Research upgraded Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and an average target price of $90.37.

Insider Activity at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction that occurred on 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 transaction, the chief marketing officer now directly owns 50,419 shares of the company's stock, valued at approximately $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William W. Douglas III acquired 701 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 22,616 shares of company stock valued at $2,112,402. Insiders own 6.60% of the company's stock.

Dollar Tree Stock Performance

NASDAQ DLTR opened at $99.44 on Friday. The firm has a market cap of $20.75 billion, a price-to-earnings ratio of -7.17, a price-to-earnings-growth ratio of 2.76 and a beta of 0.84. 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 business has a 50-day moving average price of $89.49 and a 200-day moving average price of $77.94. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $109.36.

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

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