International Assets Investment Management LLC Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

International Assets Investment Management LLC acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 110,089 shares of the company's stock, valued at approximately $15,638,000. International Assets Investment Management LLC owned 0.05% of Dollar Tree as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Fairfield Bush & CO. purchased a new stake in shares of Dollar Tree during the first quarter valued at $86,000. Raymond James Trust N.A. boosted its stake in shares of Dollar Tree by 36.5% during the first quarter. Raymond James Trust N.A. now owns 3,335 shares of the company's stock valued at $534,000 after purchasing an additional 892 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Dollar Tree during the first quarter valued at $336,000. Candriam Luxembourg S.C.A. boosted its stake in shares of Dollar Tree by 9.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 12,417 shares of the company's stock valued at $1,988,000 after purchasing an additional 1,081 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in shares of Dollar Tree by 21.1% during the first quarter. Baird Financial Group Inc. now owns 16,198 shares of the company's stock valued at $2,594,000 after purchasing an additional 2,825 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Down 3.9 %

DLTR stock traded down $5.06 during trading on Friday, hitting $125.19. 3,462,805 shares of the company's stock were exchanged, compared to its average volume of 2,874,341. The business has a 50-day moving average price of $137.89 and a two-hundred day moving average price of $127.59. The stock has a market capitalization of $27.29 billion, a price-to-earnings ratio of -27.36, a PEG ratio of 1.21 and a beta of 0.90. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $161.10. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.12). The business had revenue of $8.63 billion for the quarter, compared to analysts' expectations of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. Dollar Tree's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.04 EPS. As a group, equities research analysts expect that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Insider Buying and Selling

In other news, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction on Monday, April 1st. The stock was bought at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the purchase, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Jeffrey A. Davis acquired 1,800 shares of Dollar Tree stock in a transaction on Monday, April 1st. The stock was bought at an average price of $136.00 per share, for a total transaction of $244,800.00. Following the completion of the purchase, the chief financial officer now owns 19,047 shares in the company, valued at $2,590,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Heinrich acquired 1,000 shares of Dollar Tree stock in a transaction on Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the purchase, the director now owns 6,225 shares of the company's stock, valued at approximately $795,866.25. The disclosure for this purchase can be found here. 6.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DLTR has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their target price on shares of Dollar Tree from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Thursday, March 14th. Evercore ISI lifted their price objective on Dollar Tree from $144.00 to $145.00 and gave the company an "in-line" rating in a report on Tuesday, April 2nd. Guggenheim lifted their price objective on Dollar Tree from $155.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. decreased their price objective on Dollar Tree from $165.00 to $144.00 and set an "overweight" rating for the company in a report on Thursday, March 14th. Finally, Truist Financial decreased their price objective on Dollar Tree from $149.00 to $147.00 and set a "buy" rating for the company in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.80.

Dollar Tree Company Profile

Dollar Tree, Inc operates discount variety retail 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.