NorthRock Partners LLC Buys Shares of 5,134 Dollar Tree, Inc. (NASDAQ:DLTR)

NorthRock Partners LLC purchased a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,134 shares of the company's stock, valued at approximately $385,000.

A number of other institutional investors also recently bought and sold shares of DLTR. Kovitz Investment Group Partners LLC lifted its holdings in Dollar Tree by 382.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock worth $488,974,000 after buying an additional 5,173,238 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Dollar Tree by 784.2% in the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock valued at $328,040,000 after purchasing an additional 3,882,324 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Dollar Tree by 2,489.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,621,456 shares of the company's stock valued at $196,452,000 after purchasing an additional 2,520,237 shares during the last quarter. Norges Bank purchased a new stake in shares of Dollar Tree in the 4th quarter valued at about $171,149,000. Finally, Capital International Investors lifted its holdings in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock valued at $656,000,000 after purchasing an additional 2,023,819 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Telsey Advisory Group boosted their target price on Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a report on Thursday, March 27th. Sanford C. Bernstein set a $82.00 target price on Dollar Tree and gave the company a "market perform" rating in a report on Monday, May 5th. Bank of America reduced their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Finally, 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 report on Thursday, March 27th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $82.68.

Dollar Tree Stock Performance

NASDAQ DLTR traded up $4.01 on Tuesday, hitting $90.62. 3,963,534 shares of the company's stock were exchanged, compared to its average volume of 4,073,884. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The firm's 50-day moving average price is $76.26 and its two-hundred day moving average price is $72.87. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $121.92. The firm has a market cap of $19.49 billion, a price-to-earnings ratio of -19.00, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its 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). The business 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 business's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.55 EPS. On average, research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insider Buying and Selling

In other news, Director William W. Douglas III purchased 701 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. The trade was a 103.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of the company'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 completion of the sale, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.60% of the company's stock.

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.