Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 410,473 shares of the company's stock after purchasing an additional 50,374 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Dollar Tree worth $30,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Empower Advisory Group LLC increased its holdings in shares of Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after purchasing an additional 100,676 shares during the period. Pzena Investment Management LLC purchased a new position in Dollar Tree during the fourth quarter worth about $520,000. Intrepid Capital Management Inc. raised its holdings in shares of Dollar Tree by 103.6% in the 4th quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after acquiring an additional 13,751 shares in the last quarter. Alberta Investment Management Corp boosted its position in shares of Dollar Tree by 253.2% during the 4th quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock valued at $7,014,000 after acquiring an additional 67,100 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Dollar Tree during the 4th quarter valued at about $2,173,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

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 dated Wednesday, April 2nd. The shares were purchased 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 of the company's stock, valued at approximately $103,275. This represents a 103.70% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the firm'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 in the company, valued at $316,055.70. This represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the stock a "market perform" rating in a research report on Monday, May 5th. Telsey Advisory Group reissued a "market perform" rating and issued a $95.00 price target on shares of Dollar Tree in a report on Wednesday. Loop Capital restated a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Guggenheim reiterated a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a research report on Thursday. Finally, Cfra Research raised Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. 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. Based on data from MarketBeat.com, Dollar Tree has a consensus rating of "Hold" and an average target price of $90.26.

Dollar Tree Stock Performance

Shares of NASDAQ:DLTR traded down $2.17 during trading on Friday, hitting $94.50. The stock had a trading volume of 5,819,229 shares, compared to its average volume of 4,193,084. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $115.87. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of -19.81, a price-to-earnings-growth ratio of 2.16 and a beta of 0.84. The stock has a 50-day simple moving average of $82.10 and a two-hundred day simple moving average of $75.13.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.52 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.43 EPS. On average, equities research 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.