9,822 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Purchased by Symmetry Investments LP

Symmetry Investments LP acquired a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 9,822 shares of the company’s stock, valued at approximately $736,000.

Several other large investors have also modified their holdings of the stock. Assetmark Inc. increased its position in Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after buying an additional 346 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree during the 4th quarter valued at $30,000. Parkside Financial Bank & Trust increased its holdings in shares of Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised 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 buying an additional 210 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group dropped their price target on Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Telsey Advisory Group boosted their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a “market perform” rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. cut their target price on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Guggenheim decreased their price target on shares of Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Finally, Wells Fargo & Company boosted 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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree has an average rating of “Hold” and a consensus target price of $81.84.

Insider Buying and Selling at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 of the company’s stock, valued at $103,275. This trade represents a 103.70 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction on Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at approximately $316,055.70. This represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Dollar Tree Stock Up 3.2 %

Shares of NASDAQ:DLTR opened at $82.16 on Wednesday. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $123.17. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The firm has a market cap of $17.67 billion, a PE ratio of -17.22, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a fifty day simple moving average of $71.41 and a 200 day simple moving average of $70.61.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the previous year, the firm posted $2.55 EPS. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

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.