Fund 1 Investments LLC Purchases Shares of 93,952 Dollar Tree, Inc. (NASDAQ:DLTR)

Fund 1 Investments LLC 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 (SEC). The fund purchased 93,952 shares of the company's stock, valued at approximately $7,041,000. Dollar Tree accounts for 0.6% of Fund 1 Investments LLC's portfolio, making the stock its 28th biggest holding.

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

Insider Activity at Dollar Tree

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of the firm'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 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction that occurred on 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 approximately $316,055.70. The trade was a 22.64% decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DLTR shares. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and upped their price objective for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Guggenheim reiterated a "buy" rating and issued a $100.00 price objective (up previously from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th. UBS Group dropped their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Telsey Advisory Group upped their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research note on Thursday, March 27th. Finally, 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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $82.68.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded up $0.13 during trading hours on Friday, hitting $85.51. 2,108,004 shares of the stock were exchanged, compared to its average volume of 4,037,542. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $123.17. The company's 50 day moving average is $73.91 and its 200 day moving average is $71.97. 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 has a market capitalization of $18.39 billion, a P/E ratio of -17.93, a P/E/G 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm's revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $2.55 earnings per share. On average, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

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.