Forum Financial Management LP Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Forum Financial Management LP acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,534 shares of the company's stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DLTR. Assetmark Inc. boosted its position in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after acquiring an additional 149 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after purchasing an additional 346 shares during the last quarter. Versant Capital Management Inc bought a new stake in Dollar Tree during the fourth quarter valued at about $30,000. Parkside Financial Bank & Trust boosted its position in 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 purchasing an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Aditya Maheshwari sold 1,238 shares of the firm'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 transaction, the chief accounting officer now directly owns 4,231 shares of the company's stock, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William W. Douglas III acquired 701 shares of the 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 acquisition, the director now owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company's stock.

Dollar Tree Stock Performance

Dollar Tree stock traded down $0.66 during mid-day trading on Friday, hitting $80.57. The company had a trading volume of 3,136,482 shares, compared to its average volume of 4,005,669. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of -16.89, a P/E/G ratio of 2.16 and a beta of 0.87. The company's fifty day moving average is $71.96 and its 200-day moving average is $70.87. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share 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 during the quarter, compared to analysts' expectations of $8.23 billion. During the same period in the previous year, the firm posted $2.55 EPS. The firm's quarterly revenue was up .7% on a year-over-year basis. Equities research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

DLTR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Wells Fargo & Company raised their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. UBS Group reduced their price target on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Bank of America decreased their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. Finally, Telsey Advisory Group boosted their target price on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $81.84.

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.