Meritage Group LP Has $23.49 Million Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Meritage Group LP trimmed its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 313,506 shares of the company's stock after selling 11,735 shares during the quarter. Dollar Tree makes up 0.6% of Meritage Group LP's holdings, making the stock its 20th largest holding. Meritage Group LP owned about 0.15% of Dollar Tree worth $23,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Assetmark Inc. lifted its stake in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after acquiring an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in Dollar Tree by 20.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock worth $68,000 after buying an additional 157 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Dollar Tree by 5.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock worth $254,000 after buying an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Finally, Metis Global Partners LLC raised its stake in shares of Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock valued at $508,000 after acquiring an additional 220 shares in the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and increased their price objective for the company from $76.00 to $103.00 in a research report on Monday, April 7th. UBS Group decreased their price target on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Truist Financial set a $84.00 target price on Dollar Tree in a research report on Thursday, March 27th. Finally, Evercore ISI upped their price target on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a report 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $81.84.

Insider Buying and Selling

In other Dollar Tree news, 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 transaction of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. This represents a 22.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. 6.80% of the stock is owned by insiders.

Dollar Tree Stock Down 0.5 %

NASDAQ:DLTR traded down $0.44 during trading hours on Friday, reaching $80.79. 1,730,969 shares of the stock were exchanged, compared to its average volume of 3,980,828. The stock has a market cap of $17.38 billion, a PE ratio of -16.93, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $123.17. The firm has a 50 day moving average of $71.84 and a 200 day moving average of $70.78. 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 (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings results 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 company 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%. The firm's revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm earned $2.55 EPS. On average, equities analysts expect 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.