270,588 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 270,588 shares of the company's stock, valued at approximately $20,278,000. Two Sigma Advisers LP owned approximately 0.13% of Dollar Tree at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kovitz Investment Group Partners LLC raised its holdings in Dollar Tree by 382.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock worth $488,974,000 after acquiring an additional 5,173,238 shares during the period. Marshall Wace LLP raised its holdings in Dollar Tree by 784.2% in the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock worth $328,040,000 after acquiring an additional 3,882,324 shares during the period. Balyasny Asset Management L.P. raised its holdings in Dollar Tree by 2,489.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company's stock worth $196,452,000 after acquiring an additional 2,520,237 shares during the period. Norges Bank bought a new position in Dollar Tree in the 4th quarter worth $171,149,000. Finally, Capital International Investors raised its holdings in Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after acquiring an additional 2,023,819 shares during the period. Institutional investors own 97.40% of the company's stock.

Dollar Tree Price Performance

Shares of Dollar Tree stock traded up $1.36 during trading on Tuesday, hitting $89.53. 592,221 shares of the company's stock traded hands, compared to its average volume of 4,079,442. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm's fifty day moving average price is $78.66 and its 200 day moving average price is $73.74. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $121.92. The company has a market cap of $19.26 billion, a PE ratio of -18.78, a PEG ratio of 2.16 and a beta of 0.87.

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). The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree's quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $2.55 earnings per share. Analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on DLTR. Evercore ISI lifted their target price 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. Truist Financial raised their price target on shares of Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Wells Fargo & Company raised their price target on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Telsey Advisory Group raised their price target on shares of Dollar Tree from $82.00 to $95.00 and gave the stock a "market perform" rating in a research report on Tuesday. Finally, Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and raised their price target for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $83.37.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William W. Douglas III bought 701 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares of the company's stock, valued at approximately $103,275. The trade was a 103.70% increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.60% of the company's stock.

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.