Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC trimmed its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,526 shares of the company's stock after selling 7,909 shares during the period. Nebula Research & Development LLC's holdings in Dollar Tree were worth $2,887,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after purchasing an additional 346 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree in the 4th quarter worth approximately $30,000. Parkside Financial Bank & Trust lifted its position in shares of Dollar Tree by 120.8% in 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 lifted its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 210 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $74.70, for a total value 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 trade represents a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William W. Douglas III bought 701 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now 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. 6.80% of the stock is currently owned by company insiders.

Dollar Tree Price Performance

DLTR stock traded up $0.35 during mid-day trading on Wednesday, reaching $81.24. 1,370,145 shares of the company's stock were exchanged, compared to its average volume of 3,980,420. The company has a market cap of $17.47 billion, a price-to-earnings ratio of -17.03, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The stock's 50 day moving average is $72.15 and its 200 day moving average is $71.02. 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, Inc. has a 12-month low of $60.49 and a 12-month high of $123.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to analysts' expectations 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 for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.55 EPS. On average, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DLTR shares. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. JPMorgan Chase & Co. reduced their target price on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Truist Financial set a $84.00 price target on Dollar Tree in a research note on Thursday, March 27th. Wells Fargo & Company boosted their price target on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Finally, Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price target for the company from $76.00 to $103.00 in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $81.84.

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.