4,221 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Acquired by State of Wyoming

State of Wyoming purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,221 shares of the company's stock, valued at approximately $316,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. increased its position in shares of Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock valued at $26,000 after buying an additional 346 shares during the period. Assetmark Inc. increased its position in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after buying an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after buying an additional 210 shares during the period. Finally, Hurley Capital LLC purchased a new position in shares of Dollar Tree during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Activity

In related news, Director William W. Douglas III bought 701 shares of the company'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 completion of the acquisition, the director now owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70% increase in their position. The transaction 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 stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. This represents a 22.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company's stock.

Dollar Tree Stock Up 1.9%

Shares of NASDAQ:DLTR traded up $1.68 during trading on Tuesday, reaching $89.85. 510,408 shares of the stock traded hands, compared to its average volume of 4,078,987. The stock has a 50-day moving average of $78.66 and a two-hundred day moving average of $73.74. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $121.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock has a market cap of $19.32 billion, a P/E ratio of -18.77, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted 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 negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter in the previous year, the company earned $2.55 EPS. The company's quarterly revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Evercore ISI upped their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a report on Thursday, March 27th. Bank of America cut their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group upped their price objective on shares of Dollar Tree from $82.00 to $95.00 and gave the stock a "market perform" rating in a report on Tuesday. Finally, Citigroup upgraded shares of 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 report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $83.37.

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.