GAMMA Investing LLC Buys 323,791 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

GAMMA Investing LLC grew its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 5,689.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 329,482 shares of the company's stock after acquiring an additional 323,791 shares during the period. GAMMA Investing LLC owned about 0.15% of Dollar Tree worth $24,734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. lifted 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 valued at $26,000 after purchasing an additional 346 shares during the last quarter. Assetmark Inc. grew its stake in shares of 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 during the period. Parkside Financial Bank & Trust increased its holdings in Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after acquiring an additional 232 shares during the last quarter. Hurley Capital LLC bought a new stake in Dollar Tree in the 4th quarter valued at about $33,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Dollar Tree during the fourth quarter valued at about $43,000. 97.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DLTR has been the topic of several research reports. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price target for the company from $76.00 to $103.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. upgraded shares of Dollar Tree from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $72.00 to $111.00 in a research note on Thursday. Wells Fargo & Company set a $105.00 target price on Dollar Tree and gave the stock an "overweight" rating in a research report on Monday. Morgan Stanley raised their price target on Dollar Tree from $80.00 to $96.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and a consensus target price of $90.26.

Insiders Place Their Bets

In other news, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William W. Douglas III bought 701 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. 6.60% of the stock is owned by insiders.

Dollar Tree Price Performance

Shares of Dollar Tree stock traded down $2.17 on Friday, hitting $94.50. 5,819,221 shares of the company traded hands, compared to its average volume of 4,193,084. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $115.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company has a market cap of $20.33 billion, a P/E ratio of -19.81, a P/E/G ratio of 2.16 and a beta of 0.84. The firm's 50-day simple moving average is $82.10 and its 200 day simple moving average is $75.13.

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

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.