IFM Investors Pty Ltd Has $2.81 Million Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

IFM Investors Pty Ltd increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 7.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,908 shares of the company's stock after purchasing an additional 2,799 shares during the quarter. IFM Investors Pty Ltd's holdings in Dollar Tree were worth $2,806,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC grew its holdings in Dollar Tree by 53.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 4,238 shares of the company's stock worth $318,000 after acquiring an additional 1,482 shares during the last quarter. Calamos Advisors LLC grew its holdings in Dollar Tree by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 82,620 shares of the company's stock worth $6,202,000 after acquiring an additional 920 shares during the last quarter. Capital Investment Counsel Inc grew its holdings in Dollar Tree by 26.8% during the 1st quarter. Capital Investment Counsel Inc now owns 4,820 shares of the company's stock worth $362,000 after acquiring an additional 1,020 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Dollar Tree during the 1st quarter worth about $2,242,000. Finally, Private Trust Co. NA grew its holdings in Dollar Tree by 11.6% during the 1st quarter. Private Trust Co. NA now owns 1,527 shares of the company's stock worth $115,000 after acquiring an additional 159 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DLTR shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $95.00 target price on shares of Dollar Tree in a research note on Wednesday, June 4th. Guggenheim reaffirmed a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a research note on Thursday, June 5th. BMO Capital Markets raised their target price on shares of Dollar Tree from $80.00 to $85.00 and gave the company a "market perform" rating in a research note on Thursday, June 5th. UBS Group raised their target price on shares of Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Wells Fargo & Company set a $105.00 target price on shares of Dollar Tree and gave the company an "overweight" rating in a research note on Monday, June 2nd. Two equities 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $90.37.

Dollar Tree Stock Up 0.9%

DLTR traded up $0.99 during trading on Friday, reaching $109.36. The company had a trading volume of 3,136,265 shares, compared to its average volume of 4,228,644. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.72. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $109.73. The company has a market cap of $22.82 billion, a P/E ratio of -7.89, a PEG ratio of 2.32 and a beta of 0.86. The business's fifty day moving average price is $93.83 and its 200 day moving average price is $80.13.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Dollar Tree announced that its Board of Directors has initiated a share repurchase program on Wednesday, July 9th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 11.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, CMO Richard L. Mcneely sold 21,026 shares of the stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer directly owned 4,231 shares in the company, 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. Insiders sold 22,439 shares of company stock worth $2,099,028 over the last three months. Insiders own 6.60% of the company's stock.

Dollar Tree Company 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.