Sherbrooke Park Advisers LLC Takes Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Sherbrooke Park Advisers LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,967 shares of the company's stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empower Advisory Group LLC increased its position in shares of Dollar Tree by 15.3% during the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock valued at $56,986,000 after purchasing an additional 100,676 shares during the last quarter. Pzena Investment Management LLC purchased a new position in shares of Dollar Tree in the 4th quarter valued at approximately $520,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Dollar Tree in the 4th quarter valued at approximately $448,000. Intrepid Capital Management Inc. lifted its stake 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 purchasing an additional 13,751 shares during the period. Finally, Alberta Investment Management Corp raised its stake in Dollar Tree by 253.2% during the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock valued at $7,014,000 after buying an additional 67,100 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Price Performance

DLTR stock opened at $90.62 on Wednesday. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $121.92. The firm has a market capitalization of $19.49 billion, a PE ratio of -19.00, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The business has a 50 day simple moving average of $76.75 and a 200-day simple moving average of $72.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the company earned $2.55 earnings per share. The firm's revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William W. Douglas III acquired 701 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were bought 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 in the company, valued at $103,275. This trade represents a 103.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the sale, the chief accounting officer now owns 4,231 shares of the company's stock, valued at $316,055.70. This trade represents a 22.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.60% of the company's stock.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of recent research reports. Bank of America lowered their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Guggenheim restated a "buy" rating and issued a $100.00 price target (up previously from $95.00) on shares of Dollar Tree in a research report on Monday, May 5th. UBS Group dropped their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $76.00 to $103.00 in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $82.68.

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.

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