2,687 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Purchased by Cidel Asset Management Inc.

Cidel Asset Management Inc. purchased a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,687 shares of the company's stock, valued at approximately $202,000.

Other hedge funds have also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its position in Dollar Tree by 31.7% during the first quarter. Vontobel Holding Ltd. now owns 12,344 shares of the company's stock valued at $927,000 after acquiring an additional 2,974 shares during the last quarter. IRON Financial LLC bought a new stake in shares of Dollar Tree during the 1st quarter valued at about $246,000. Amalgamated Bank increased its position in shares of Dollar Tree by 0.7% during the 1st quarter. Amalgamated Bank now owns 39,283 shares of the company's stock valued at $2,949,000 after purchasing an additional 265 shares during the last quarter. Marathon Asset Management Ltd increased its position in shares of Dollar Tree by 3.4% during the 1st quarter. Marathon Asset Management Ltd now owns 197,723 shares of the company's stock valued at $14,843,000 after purchasing an additional 6,465 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Dollar Tree by 17.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,105 shares of the company's stock worth $1,681,000 after purchasing an additional 3,439 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. 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. Piper Sandler boosted their price objective on shares of Dollar Tree from $72.00 to $93.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Truist Financial upped their price objective on Dollar Tree from $89.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. UBS Group lifted their target price on Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Morgan Stanley boosted their price target on Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $90.37.

Dollar Tree Price Performance

DLTR stock traded down $1.26 during midday trading on Friday, hitting $101.76. The company's stock had a trading volume of 2,140,917 shares, compared to its average volume of 4,213,225. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $108.93. The company has a 50 day moving average of $91.88 and a two-hundred day moving average of $79.19. The firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of -7.34, a price-to-earnings-growth ratio of 2.19 and a beta of 0.86.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its earnings results 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 negative net margin of 12.15% and a positive return on equity of 19.36%. Dollar Tree's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share. On average, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insider Activity

In other news, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $94.62, for a total value of $1,989,480.12. Following the transaction, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. This represents a 29.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,439 shares of company stock worth $2,099,028 over the last ninety days. Insiders own 6.60% of the company's stock.

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.