33,540 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Bought by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. acquired a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,540 shares of the company's stock, valued at approximately $2,518,000. Dollar Tree accounts for about 2.2% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 18th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Intrepid Capital Management Inc. lifted its stake in Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after buying an additional 13,751 shares during the period. Forum Financial Management LP bought a new stake in Dollar Tree during the fourth quarter worth $340,000. Wealth Enhancement Advisory Services LLC grew its holdings in Dollar Tree by 50.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,724 shares of the company's stock worth $1,030,000 after buying an additional 4,619 shares in the last quarter. McGinn Penninger Investment Management Inc. grew its stake in Dollar Tree by 13.2% in the 1st quarter. McGinn Penninger Investment Management Inc. now owns 68,585 shares of the company's stock valued at $5,149,000 after purchasing an additional 8,015 shares during the period. Finally, State of Wyoming bought a new position in Dollar Tree in the 4th quarter valued at $316,000. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on DLTR shares. UBS Group upped their price target on Dollar Tree from $95.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Truist Financial increased their price objective on Dollar Tree from $89.00 to $100.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Guggenheim reissued a "buy" rating and set a $100.00 price objective on shares of Dollar Tree in a report on Thursday, June 5th. Finally, Jefferies Financial Group started coverage on Dollar Tree in a report on Thursday. They set a "hold" rating and a $106.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree currently has an average rating of "Hold" and an average price target of $92.00.

Insider Activity at Dollar Tree

In related news, CMO Richard L. Mcneely sold 21,026 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $94.62, for a total transaction of $1,989,480.12. Following the completion of the transaction, the chief marketing officer owned 50,419 shares of the company's stock, valued at $4,770,645.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.60% of the stock is currently owned by insiders.

Dollar Tree Price Performance

Shares of Dollar Tree stock traded up $1.97 during trading on Friday, hitting $110.12. 3,548,401 shares of the stock traded hands, compared to its average volume of 4,236,929. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of -7.95, a PEG ratio of 2.36 and a beta of 0.86. The firm's fifty day moving average is $96.67 and its 200-day moving average is $81.51. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $111.03.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the business posted $1.43 EPS. The business's revenue was up 11.3% on a year-over-year basis. Research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Dollar Tree announced that its board has approved a share buyback program on Wednesday, July 9th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the company to buy up to 11.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

About Dollar Tree

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.