Man Group plc Raises Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Man Group plc boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 51.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 510,171 shares of the company's stock after purchasing an additional 174,293 shares during the quarter. Man Group plc owned about 0.24% of Dollar Tree worth $38,232,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Assetmark Inc. grew its holdings in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of Dollar Tree by 20.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock valued at $68,000 after buying an additional 157 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after buying an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Dollar Tree by 91.3% during 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 during the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of Dollar Tree by 3.4% during the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock valued at $508,000 after buying an additional 220 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLTR has been the subject of a number of analyst reports. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $76.00 to $103.00 in a report on Monday, April 7th. Bank of America reduced their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. Evercore ISI lifted their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a report on Thursday, March 27th. Telsey Advisory Group lifted their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a report on Thursday, March 27th. Finally, Truist Financial raised 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. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $82.68.

Insider Transactions at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction dated 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 purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.60% of the company's stock.

Dollar Tree Stock Performance

DLTR stock traded down $0.07 during mid-day trading on Friday, hitting $86.51. The company had a trading volume of 2,661,912 shares, compared to its average volume of 4,076,010. The firm has a market cap of $18.61 billion, a PE ratio of -18.14, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $121.92. The stock's fifty day moving average price is $75.76 and its two-hundred day moving average price is $72.67.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company 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 business's revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.55 EPS. On average, analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree Company 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.