Veracity Capital LLC Buys Shares of 3,154 Dollar Tree, Inc. (NASDAQ:DLTR)

Veracity Capital LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,154 shares of the company's stock, valued at approximately $237,000.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Dollar Tree by 47.8% in the fourth quarter. Blue Trust Inc. now owns 1,429 shares of the company's stock valued at $100,000 after buying an additional 462 shares in the last quarter. Caprock Group LLC purchased a new position in Dollar Tree in the 4th quarter worth approximately $382,000. Tokio Marine Asset Management Co. Ltd. grew its position in Dollar Tree by 19.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,235 shares of the company's stock valued at $542,000 after acquiring an additional 1,157 shares in the last quarter. E. Ohman J or Asset Management AB grew its position in Dollar Tree by 24.4% in the fourth quarter. E. Ohman J or Asset Management AB now owns 10,700 shares of the company's stock valued at $802,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Kercheville Advisors LLC purchased a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $300,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded down $2.17 during trading hours on Friday, reaching $94.50. The company's stock had a trading volume of 5,819,229 shares, compared to its average volume of 4,193,084. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $115.87. The company's 50 day simple moving average is $82.10 and its 200 day simple moving average is $75.13. The stock has a market cap of $20.33 billion, a P/E ratio of -19.81, a price-to-earnings-growth ratio of 2.16 and a beta of 0.84.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its 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. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter last year, the company posted $1.43 earnings per share. Dollar Tree's revenue was up 11.3% on a year-over-year basis. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DLTR shares. Guggenheim restated a "buy" rating and issued a $100.00 target price on shares of Dollar Tree in a research note on Thursday. Wells Fargo & Company set a $105.00 price objective on shares of Dollar Tree and gave the company an "overweight" rating in a research report on Monday. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. Bank of America cut their price target on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. Finally, 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. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $90.26.

Insider Buying and Selling

In related news, CAO Aditya Maheshwari sold 1,238 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William W. Douglas III acquired 701 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the transaction, the director now owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.60% of the company's stock.

Dollar Tree 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.