Tobam Acquires 17,739 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Tobam boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 327.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,150 shares of the company's stock after acquiring an additional 17,739 shares during the period. Tobam's holdings in Dollar Tree were worth $1,738,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after purchasing an additional 149 shares in the last quarter. Bessemer Group Inc. boosted its stake in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after buying an additional 346 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after acquiring an additional 232 shares during the last quarter. Hurley Capital LLC purchased a new position in shares of Dollar Tree during the fourth quarter worth approximately $33,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $43,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dollar Tree

In other news, 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 now owns 50,419 shares in the company, valued at $4,770,645.78. This represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average price 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 $103,275. This represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 22,441 shares of company stock worth $2,095,333 in the last ninety days. Insiders own 6.60% of the company's stock.

Dollar Tree Stock Down 0.9%

Shares of NASDAQ DLTR traded down $0.90 during midday trading on Friday, hitting $95.19. The stock had a trading volume of 2,999,460 shares, compared to its average volume of 4,199,836. The business's 50 day moving average is $84.83 and its 200-day moving average is $76.29. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $109.36. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a market cap of $19.87 billion, a P/E ratio of -19.96, a PEG ratio of 2.16 and a beta of 0.84.

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 business 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 16.89% and a negative net margin of 3.34%. Dollar Tree's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 EPS. As a group, analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI raised their price target on Dollar Tree from $86.00 to $92.00 and gave the stock an "in-line" rating in a research report on Thursday, June 5th. The Goldman Sachs Group downgraded Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Guggenheim reiterated a "buy" rating and set a $100.00 price target on shares of Dollar Tree in a research report on Thursday, June 5th. Bank of America decreased their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Finally, Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. 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 company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $90.26.

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.