Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC cut its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 195,767 shares of the company's stock after selling 17,397 shares during the period. Voloridge Investment Management LLC owned approximately 0.09% of Dollar Tree worth $14,671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Woodline Partners LP acquired a new position in shares of Dollar Tree in the fourth quarter valued at approximately $910,000. Vident Advisory LLC grew its holdings in shares of Dollar Tree by 11.3% during the fourth quarter. Vident Advisory LLC now owns 3,975 shares of the company's stock valued at $298,000 after purchasing an additional 402 shares during the last quarter. Twinbeech Capital LP bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $3,211,000. Two Sigma Advisers LP acquired a new position in Dollar Tree during the 4th quarter valued at about $20,278,000. Finally, Two Sigma Investments LP grew its holdings in Dollar Tree by 868.1% during the fourth quarter. Two Sigma Investments LP now owns 654,018 shares of the company's stock worth $49,012,000 after acquiring an additional 586,464 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dollar Tree

In related news, Director William W. Douglas III purchased 701 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction that occurred on Monday, April 14th. The shares were 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 approximately $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DLTR. Sanford C. Bernstein set a $82.00 price target on shares of Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Truist Financial upped their target price on shares of Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Evercore ISI increased their price target on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research report on Thursday, March 27th. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Finally, Guggenheim restated a "buy" rating and issued a $100.00 price objective (up from $95.00) on shares of Dollar Tree in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $83.37.

Dollar Tree Price Performance

DLTR stock traded up $2.19 during trading on Tuesday, hitting $90.36. The stock had a trading volume of 3,117,013 shares, compared to its average volume of 4,089,121. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $121.92. The company's 50-day moving average price is $78.66 and its two-hundred day moving average price is $73.74. 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 stock has a market capitalization of $19.43 billion, a P/E ratio of -18.94, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its 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 business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the company earned $2.55 earnings per share. Dollar Tree's quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.