Woodline Partners LP Acquires New Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Woodline Partners LP bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,137 shares of the company's stock, valued at approximately $910,000.

Several other hedge funds and other institutional investors have also modified their holdings of DLTR. Janney Montgomery Scott LLC acquired a new position in Dollar Tree during the 4th quarter worth approximately $4,069,000. Fifth Third Bancorp boosted its stake in shares of Dollar Tree by 69.8% in the 4th quarter. Fifth Third Bancorp now owns 9,418 shares of the company's stock valued at $706,000 after purchasing an additional 3,873 shares during the last quarter. Blue Trust Inc. boosted its stake in Dollar Tree by 47.8% during the fourth quarter. Blue Trust Inc. now owns 1,429 shares of the company's stock worth $100,000 after acquiring an additional 462 shares in the last quarter. KBC Group NV boosted its stake in Dollar Tree by 1.1% during the fourth quarter. KBC Group NV now owns 28,312 shares of the company's stock worth $2,122,000 after acquiring an additional 313 shares in the last quarter. Finally, R Squared Ltd bought a new position in Dollar Tree during the fourth quarter worth $54,000. Institutional investors own 97.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DLTR. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the company a "market perform" rating in a research note on Monday, May 5th. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and raised their price objective for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Evercore ISI raised their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research note on Thursday, March 27th. Guggenheim reaffirmed a "buy" rating and issued a $100.00 price objective (up from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th. Finally, Truist Financial raised their price objective 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. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $84.05.

Dollar Tree Stock Performance

NASDAQ DLTR traded up $0.05 during trading hours on Friday, reaching $90.63. 4,683,066 shares of the company were exchanged, compared to its average volume of 4,103,440. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $121.92. The business's 50 day simple moving average is $80.51 and its 200-day simple moving average is $74.42. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $19.49 billion, a P/E ratio of -19.00, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company 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 business earned $2.55 EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Transactions at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the firm's 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 completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. This trade represents a 22.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.60% of the stock is currently owned by company insiders.

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.