Dollar Tree, Inc. (NASDAQ:DLTR) is Estuary Capital Management LP’s 2nd Largest Position

Estuary Capital Management LP boosted its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 46.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 611,945 shares of the company’s stock after purchasing an additional 193,529 shares during the period. Dollar Tree comprises 13.4% of Estuary Capital Management LP’s holdings, making the stock its 2nd biggest holding. Estuary Capital Management LP’s holdings in Dollar Tree were worth $45,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Dollar Tree by 0.6% in the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company’s stock worth $16,346,000 after buying an additional 1,485 shares during the period. Nordea Investment Management AB increased its stake in Dollar Tree by 7.0% in the fourth quarter. Nordea Investment Management AB now owns 19,507 shares of the company’s stock worth $1,463,000 after purchasing an additional 1,277 shares during the period. Czech National Bank lifted its position in shares of Dollar Tree by 6.5% during the fourth quarter. Czech National Bank now owns 43,818 shares of the company’s stock worth $3,284,000 after purchasing an additional 2,659 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Dollar Tree by 1.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 706,838 shares of the company’s stock worth $52,970,000 after purchasing an additional 12,888 shares during the last quarter. Finally, St. Louis Financial Planners Asset Management LLC bought a new position in shares of Dollar Tree in the fourth quarter worth about $1,296,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Up 1.1 %

Shares of NASDAQ:DLTR opened at $85.38 on Friday. The business’s 50-day moving average is $73.54 and its 200 day moving average is $71.76. 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 1 year low of $60.49 and a 1 year high of $123.17. The firm has a market capitalization of $18.36 billion, a P/E ratio of -17.90, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings data 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 company had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $2.55 EPS. On average, research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $316,055.70. This trade represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on DLTR. Bank of America lowered their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. reduced their price objective on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, Citigroup upgraded Dollar Tree from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $103.00 in a report 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar Tree has a consensus rating of “Hold” and a consensus price target of $82.68.

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.