IRON Financial LLC Acquires Shares of 3,283 Dollar Tree, Inc. (NASDAQ:DLTR)

IRON Financial LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,283 shares of the company's stock, valued at approximately $246,000.

Several other institutional investors also recently bought and sold shares of DLTR. Amalgamated Bank raised its holdings in shares of Dollar Tree by 0.7% during the first quarter. Amalgamated Bank now owns 39,283 shares of the company's stock valued at $2,949,000 after acquiring an additional 265 shares during the last quarter. Marathon Asset Management Ltd raised its stake in Dollar Tree by 3.4% in 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. Mirae Asset Global Investments Co. Ltd. raised its stake in 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 valued at $1,681,000 after purchasing an additional 3,439 shares during the last quarter. Balefire LLC purchased a new position in Dollar Tree in the 1st quarter valued at $287,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Dollar Tree by 88.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 42,499 shares of the company's stock worth $3,190,000 after purchasing an additional 19,975 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on DLTR. Cfra Research upgraded shares of Dollar Tree to a "hold" rating in a research report on Wednesday, May 28th. Bank of America cut their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. Piper Sandler raised their target price on shares of Dollar Tree from $72.00 to $93.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the stock a "market perform" rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group cut Dollar Tree from a "strong-buy" rating to a "strong sell" 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $90.37.

Dollar Tree Trading Up 0.3%

Dollar Tree stock traded up $0.34 during trading on Monday, hitting $99.04. The company had a trading volume of 2,769,598 shares, compared to its average volume of 4,203,375. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of -7.15, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84. The company has a current ratio of 1.04, a quick ratio of 0.72 and a debt-to-equity ratio of 0.62. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $109.36. The company's 50 day simple moving average is $89.88 and its 200-day simple moving average is $78.22.

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 for the quarter, beating analysts' consensus estimates of $1.21 by $0.05. Dollar Tree had a positive return on equity of 19.36% and a negative net margin of 12.15%. The business had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of Dollar Tree 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 completion of the transaction, the chief marketing officer owned 50,419 shares in the company, valued at approximately $4,770,645.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,616 shares of company stock valued at $2,112,402. 6.60% of the stock is currently owned by corporate insiders.

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.