Metis Global Partners LLC Boosts Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Metis Global Partners LLC increased its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,827 shares of the company’s stock after purchasing an additional 1,172 shares during the quarter. Metis Global Partners LLC’s holdings in Dollar Tree were worth $1,254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Dollar Tree in the 3rd quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Dollar Tree during the fourth quarter valued at $35,000. City State Bank increased its holdings in shares of Dollar Tree by 200.0% during the fourth quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares in the last quarter. Operose Advisors LLC bought a new position in Dollar Tree in the 3rd quarter worth about $34,000. Finally, Mendota Financial Group LLC purchased a new stake in Dollar Tree during the 4th quarter valued at about $52,000. 97.40% of the stock is currently owned by institutional investors.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $119.57 on Thursday. Dollar Tree, Inc. has a 12 month low of $102.77 and a 12 month high of $161.10. The company has a current ratio of 1.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm has a market cap of $26.06 billion, a P/E ratio of -25.88, a P/E/G ratio of 1.14 and a beta of 0.92. The stock’s fifty day moving average price is $130.46 and its 200-day moving average price is $129.65.

Dollar Tree (NASDAQ:DLTR) last announced 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). The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.66 billion. Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $2.04 EPS. On average, equities research analysts expect that Dollar Tree, Inc. will post 6.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

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

Analysts Set New Price Targets

Several research analysts have issued reports on DLTR shares. BMO Capital Markets decreased their target price 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. KeyCorp upgraded Dollar Tree from a “sector weight” rating to an “overweight” rating and set a $150.00 target price on the stock in a research note on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on Dollar Tree from $144.00 to $152.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar Tree in a research note on Monday, March 4th. Finally, Jefferies Financial Group reduced their price objective on shares of Dollar Tree from $130.00 to $128.00 in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $150.05.

Dollar Tree Company 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.