Marathon Asset Management Ltd Acquires 6,465 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Marathon Asset Management Ltd boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,723 shares of the company's stock after acquiring an additional 6,465 shares during the quarter. Marathon Asset Management Ltd owned 0.09% of Dollar Tree worth $14,843,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 worth $1,681,000 after purchasing an additional 3,439 shares in the last quarter. Balefire LLC purchased a new stake in shares of Dollar Tree in the 1st quarter worth $287,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Dollar Tree by 88.7% in 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 in the last quarter. Perigon Wealth Management LLC purchased a new stake in Dollar Tree in the 1st quarter worth $222,000. Finally, Bessemer Group Inc. increased its stake in Dollar Tree by 510.1% in the 1st quarter. Bessemer Group Inc. now owns 2,117 shares of the company's stock worth $159,000 after buying an additional 1,770 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLTR has been the subject of several research reports. Cfra Research raised shares of Dollar Tree to a "hold" rating in a report on Wednesday, May 28th. The Goldman Sachs Group lowered Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, June 5th. Wells Fargo & Company set a $105.00 price objective on Dollar Tree and gave the company an "overweight" rating in a research report on Monday, June 2nd. Guggenheim restated a "buy" rating and set a $100.00 price objective on shares of Dollar Tree in a research report on Thursday, June 5th. Finally, Morgan Stanley increased their price target on shares of Dollar Tree from $80.00 to $96.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Dollar Tree has an average rating of "Hold" and a consensus target price of $90.37.

Insider Transactions at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree 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 sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,616 shares of company stock valued at $2,112,402. 6.60% of the stock is currently owned by company insiders.

Dollar Tree Price Performance

Shares of Dollar Tree stock opened at $98.70 on Friday. The firm has a fifty day moving average price of $89.88 and a two-hundred day moving average price of $78.12. The company has a market cap of $20.60 billion, a PE ratio of -7.12, a price-to-earnings-growth ratio of 2.75 and a beta of 0.84. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $109.36. 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 (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter last year, the company posted $1.43 EPS. The company's quarterly revenue was up 11.3% compared to the same quarter last year. Analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.

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