Wellington Management Group LLP Increases Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

Wellington Management Group LLP raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 155.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,886 shares of the company’s stock after buying an additional 47,427 shares during the quarter. Wellington Management Group LLP’s holdings in Dollar Tree were worth $5,837,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Inkwell Capital LLC purchased a new stake in Dollar Tree in the 4th quarter valued at $1,968,000. Allstate Corp acquired a new position in shares of Dollar Tree during the 4th quarter valued at about $452,000. Pictet Asset Management Holding SA grew its holdings in shares of Dollar Tree by 7.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 108,716 shares of the company’s stock valued at $8,147,000 after purchasing an additional 7,832 shares during the period. Easterly Investment Partners LLC increased its position in Dollar Tree by 17.8% during the fourth quarter. Easterly Investment Partners LLC now owns 96,081 shares of the company’s stock worth $7,200,000 after purchasing an additional 14,493 shares during the last quarter. Finally, Norges Bank purchased a new position in Dollar Tree during the fourth quarter worth about $171,149,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director William W. Douglas III acquired 701 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is currently owned by insiders.

Dollar Tree Price Performance

NASDAQ:DLTR opened at $71.74 on Friday. The firm has a market cap of $15.43 billion, a price-to-earnings ratio of -15.04, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $131.42. 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 company’s 50-day moving average is $70.90 and its two-hundred day moving average is $70.30.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $5 billion during the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.55 EPS. Research analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

DLTR has been the subject of a number of recent analyst reports. Citigroup upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and raised their price target for the stock from $76.00 to $103.00 in a report on Monday. UBS Group cut their target price 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. Loop Capital reaffirmed a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Wells Fargo & Company raised their price objective on Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. decreased 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 report on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $81.84.

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.