Dollar Tree, Inc. (NASDAQ:DLTR) Shares Purchased by Czech National Bank

Czech National Bank increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,427 shares of the company's stock after acquiring an additional 2,609 shares during the period. Czech National Bank's holdings in Dollar Tree were worth $3,485,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares in the last quarter. Bessemer Group Inc. raised its position in Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after purchasing an additional 346 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after purchasing an additional 232 shares in the last quarter. Hurley Capital LLC acquired a new stake in Dollar Tree in the 4th quarter valued at about $33,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Dollar Tree in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Stock Performance

NASDAQ:DLTR traded up $8.05 during mid-day trading on Thursday, reaching $96.67. 11,800,696 shares of the stock were exchanged, compared to its average volume of 4,204,725. The company has a 50 day simple moving average of $81.67 and a 200-day simple moving average of $74.92. The stock has a market capitalization of $20.79 billion, a P/E ratio of -20.27, a P/E/G ratio of 2.16 and a beta of 0.84. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $121.92.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.05. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.52 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $1.43 EPS. Analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Activity at Dollar Tree

In related news, Director William W. Douglas III bought 701 shares of the stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DLTR shares. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Truist Financial increased their price target on Dollar Tree from $89.00 to $100.00 and gave the company a "buy" rating in a research report on Monday. Bank of America reduced their price target on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley increased their price target on Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Evercore ISI increased their price target on Dollar Tree from $86.00 to $92.00 and gave the company an "in-line" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $90.26.

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.