5,163 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,163 shares of the company's stock, valued at approximately $387,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Focus Partners Wealth lifted its position in Dollar Tree by 16.3% in the fourth quarter. Focus Partners Wealth now owns 10,433 shares of the company's stock valued at $782,000 after purchasing an additional 1,465 shares during the period. Fund 1 Investments LLC acquired a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $7,041,000. EdgePoint Investment Group Inc. boosted its stake in shares of Dollar Tree by 14.4% in the fourth quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company's stock valued at $595,036,000 after buying an additional 1,000,637 shares in the last quarter. Ellevest Inc. acquired a new position in Dollar Tree during the fourth quarter worth $238,000. Finally, Ethic Inc. raised its position in Dollar Tree by 84.3% in the fourth quarter. Ethic Inc. now owns 43,297 shares of the company's stock worth $3,245,000 after acquiring an additional 19,809 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Transactions at Dollar Tree

In related 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction dated Monday, April 14th. The stock was 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 in the company, valued at $316,055.70. This trade represents 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.

Wall Street Analyst Weigh In

Several analysts have weighed in on DLTR shares. Bank of America lowered their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group increased their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research note on Thursday, March 27th. Wells Fargo & Company increased their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Truist Financial lifted their price target on shares of Dollar Tree from $84.00 to $89.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and raised their target price for the company from $76.00 to $103.00 in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Dollar Tree has an average rating of "Hold" and an average price target of $82.68.

Dollar Tree Stock Performance

DLTR traded up $4.01 during trading hours on Tuesday, hitting $90.62. 3,963,534 shares of the stock were exchanged, compared to its average volume of 4,073,884. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $121.92. The stock has a 50-day simple moving average of $76.26 and a 200-day simple moving average of $72.87. The stock has a market cap of $19.49 billion, a price-to-earnings ratio of -19.00, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

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 the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $2.55 EPS. Analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share 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.