Tyche Wealth Partners LLC Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Tyche Wealth Partners LLC acquired a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, Holdings Channel reports. The fund acquired 2,355 shares of the company’s stock, valued at approximately $335,000.

A number of other hedge funds also recently added to or reduced their stakes in DLTR. Mantle Ridge LP lifted its position in Dollar Tree by 11,365,431.0% during the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock worth $1,820,190,000 after acquiring an additional 11,365,431 shares during the period. Morgan Stanley lifted its position in Dollar Tree by 95.9% during the 4th quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock worth $620,059,000 after acquiring an additional 2,145,910 shares during the period. Norges Bank acquired a new stake in Dollar Tree during the 4th quarter worth approximately $273,045,000. Invesco Ltd. lifted its position in Dollar Tree by 69.3% during the 1st quarter. Invesco Ltd. now owns 1,825,658 shares of the company’s stock worth $292,377,000 after acquiring an additional 747,162 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Dollar Tree by 139.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock worth $134,202,000 after acquiring an additional 734,229 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Dollar Tree Stock Down 0.2 %

NASDAQ DLTR opened at $123.75 on Thursday. Dollar Tree, Inc. has a 1-year low of $102.77 and a 1-year high of $161.10. The business has a 50 day moving average price of $136.79 and a 200 day moving average price of $128.26. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47.

Dollar Tree (NASDAQ:DLTR) last released its quarterly 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 company 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%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.04 EPS. As a group, analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DLTR. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar Tree in a research report on Monday, March 4th. Wells Fargo & Company raised their price target on Dollar Tree from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, March 4th. BMO Capital Markets reduced their price target on Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, TheStreet cut Dollar Tree from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar Tree has a consensus rating of “Moderate Buy” and an average target price of $150.05.

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.