2,419 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,419 shares of the company’s stock, valued at approximately $316,000.

A number of other large investors also recently bought and sold shares of DLTR. AE Wealth Management LLC increased its holdings in shares of Dollar Tree by 7.7% during the 3rd quarter. AE Wealth Management LLC now owns 10,782 shares of the company’s stock valued at $1,148,000 after purchasing an additional 769 shares in the last quarter. DAVENPORT & Co LLC grew its position in Dollar Tree by 1.7% during the third quarter. DAVENPORT & Co LLC now owns 12,256 shares of the company’s stock valued at $1,305,000 after buying an additional 205 shares during the period. Oak Thistle LLC acquired a new stake in Dollar Tree during the third quarter valued at $750,000. Norris Perne & French LLP MI increased its holdings in Dollar Tree by 41.2% in the third quarter. Norris Perne & French LLP MI now owns 131,276 shares of the company’s stock valued at $13,974,000 after buying an additional 38,289 shares in the last quarter. Finally, Czech National Bank raised its position in shares of Dollar Tree by 48.7% in the third quarter. Czech National Bank now owns 36,592 shares of the company’s stock worth $3,895,000 after acquiring an additional 11,978 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $122.39 on Thursday. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $161.10. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average price of $134.95 and a 200 day moving average price of $128.86.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the previous year, the company earned $2.04 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts forecast that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating and issued a $160.00 price target on shares of Dollar Tree in a research note on Thursday, March 14th. Piper Sandler cut their price objective on Dollar Tree from $171.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. TheStreet lowered Dollar Tree from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. BMO Capital Markets cut their price target on shares of Dollar Tree from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, March 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. One investment 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.05.

Insider Activity at Dollar Tree

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

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.