MGO One Seven LLC Purchases New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

MGO One Seven LLC bought a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,993 shares of the company's stock, valued at approximately $299,000.

A number of other large investors also recently made changes to their positions in DLTR. Assetmark Inc. increased its stake 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 buying an additional 149 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Dollar Tree by 34,600.0% during 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 purchased a new position in Dollar Tree in the fourth quarter worth $30,000. Parkside Financial Bank & Trust increased 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 valued at $32,000 after purchasing an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after buying an additional 210 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Insider Activity

In related news, 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 value 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. The trade was a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the company'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 transaction, the director now owns 1,377 shares of the company's stock, valued at $103,275. This represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.80% of the company's stock.

Analyst Ratings Changes

DLTR has been the topic of several research reports. Loop Capital restated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. JPMorgan Chase & Co. decreased their target price 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. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and raised their price objective for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Telsey Advisory Group upped their target price on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research note on Thursday, March 27th. Finally, Guggenheim reduced 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. One research 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 data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $81.84.

Dollar Tree Stock Performance

Shares of Dollar Tree stock traded up $3.02 during trading hours on Friday, reaching $84.29. 5,317,992 shares of the stock traded hands, compared to its average volume of 4,023,254. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of -17.67, a P/E/G ratio of 2.16 and a beta of 0.87. The company has a 50 day moving average price of $72.56 and a 200 day moving average price of $71.33. Dollar Tree, Inc. has a one year low of $60.49 and a one 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the firm posted $2.55 EPS. The business's revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts expect 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.