Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 382.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,524,870 shares of the company's stock after acquiring an additional 5,173,238 shares during the quarter. Dollar Tree makes up about 1.6% of Kovitz Investment Group Partners LLC's portfolio, making the stock its 21st biggest holding. Kovitz Investment Group Partners LLC owned approximately 3.03% of Dollar Tree worth $488,974,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DLTR. Assetmark Inc. boosted its holdings in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Bessemer Group Inc. grew its position in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after acquiring an additional 346 shares during the period. Versant Capital Management Inc acquired a new stake in Dollar Tree during the fourth quarter worth $30,000. Parkside Financial Bank & Trust boosted its position in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after purchasing an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DLTR. UBS Group dropped their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 21st. Bank of America cut their price objective on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Telsey Advisory Group lifted their target price on Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a report on Thursday, March 27th. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and upped their price target for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Finally, Truist Financial set a $84.00 price objective on Dollar Tree in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $81.84.

Insiders Place Their Bets

In related 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 sale, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the business's stock in a transaction on 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 completion of the acquisition, the director now directly 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. 6.80% of the stock is currently owned by company insiders.

Dollar Tree Stock Performance

Shares of NASDAQ DLTR traded up $0.26 during midday trading on Wednesday, reaching $81.15. 1,118,117 shares of the company were exchanged, compared to its average volume of 3,979,720. The stock has a fifty day simple moving average of $72.15 and a 200 day simple moving average of $71.02. 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 stock has a market cap of $17.45 billion, a P/E ratio of -17.01, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 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 last year, the company earned $2.55 EPS. Dollar Tree's revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

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.