Balefire LLC Acquires Shares of 3,817 Dollar Tree, Inc. (NASDAQ:DLTR)

Balefire LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,817 shares of the company's stock, valued at approximately $287,000.

Several other institutional investors also recently modified their holdings of the stock. Assetmark Inc. raised its holdings in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after acquiring an additional 180 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Dollar Tree by 3.4% during the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock worth $508,000 after purchasing an additional 220 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after purchasing an additional 232 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Dollar Tree by 6.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,656 shares of the company's stock valued at $349,000 after purchasing an additional 292 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DLTR shares. JPMorgan Chase & Co. raised Dollar Tree from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $72.00 to $111.00 in a report on Thursday, June 5th. The Goldman Sachs Group lowered Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, June 5th. Wells Fargo & Company set a $105.00 target price on shares of Dollar Tree and gave the company an "overweight" rating in a research report on Monday, June 2nd. Loop Capital restated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Dollar Tree in a research note on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $90.37.

Dollar Tree Stock Up 0.3%

Shares of NASDAQ DLTR traded up $0.34 during midday trading on Monday, hitting $99.04. 2,769,598 shares of the stock traded hands, compared to its average volume of 4,203,375. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.72 and a current ratio of 1.04. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $109.36. The business has a 50 day moving average price of $90.27 and a two-hundred day moving average price of $78.42. The company has a market cap of $20.67 billion, a PE ratio of -7.15, a P/E/G ratio of 2.73 and a beta of 0.84.

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 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 firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. On average, equities analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insider Buying and Selling at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the 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 sale, the chief accounting officer directly owned 4,231 shares of the company's stock, valued at $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Richard L. Mcneely sold 21,026 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $94.62, for a total value of $1,989,480.12. Following the sale, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. This trade represents a 29.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,616 shares of company stock worth $2,112,402. Insiders own 6.60% of the company's stock.

Dollar Tree 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.