HBK Investments L P Acquires Shares of 200,400 Dollar Tree, Inc. (NASDAQ:DLTR)

HBK Investments L P acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 200,400 shares of the company's stock, valued at approximately $15,018,000. HBK Investments L P owned 0.09% of Dollar Tree as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Empower Advisory Group LLC boosted its position in shares of Dollar Tree by 15.3% during the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock valued at $56,986,000 after buying an additional 100,676 shares during the last quarter. Pzena Investment Management LLC purchased a new position in Dollar Tree in the fourth quarter worth $520,000. Strategic Wealth Investment Group LLC purchased a new position in Dollar Tree in the fourth quarter worth $448,000. Intrepid Capital Management Inc. boosted its position in Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after purchasing an additional 13,751 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its position in Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after purchasing an additional 67,100 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Dollar Tree Price Performance

Shares of DLTR stock traded up $0.35 during trading hours on Wednesday, hitting $81.24. 1,370,145 shares of the company's stock were exchanged, compared to its average volume of 3,980,497. The company has a market capitalization of $17.47 billion, a PE ratio of -17.03, a PEG ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $123.17. The business's 50 day simple moving average is $72.15 and its 200-day simple moving average is $71.02.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced 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). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company's revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.55 earnings per share. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on DLTR. 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 research note on Tuesday, April 8th. Truist Financial set a $84.00 target price on Dollar Tree in a research note on Thursday, March 27th. Guggenheim decreased their price objective on Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Telsey Advisory Group boosted their price objective on 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, JPMorgan Chase & Co. decreased their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $81.84.

Insider Buying and Selling

In other news, Director William W. Douglas III bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. This represents a 103.70 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction 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 transaction, the chief accounting officer now directly owns 4,231 shares in the company, 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. 6.80% of the stock is owned by insiders.

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.