Alliancebernstein L.P. Grows Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Alliancebernstein L.P. boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 26.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530,356 shares of the company's stock after purchasing an additional 111,511 shares during the period. Alliancebernstein L.P. owned about 0.25% of Dollar Tree worth $39,745,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DLTR. Assetmark Inc. grew its holdings in shares of Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Dollar Tree in the 4th quarter worth approximately $30,000. Parkside Financial Bank & Trust grew its stake in shares of Dollar Tree by 120.8% in 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. MassMutual Private Wealth & Trust FSB grew its stake 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 last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Dollar Tree in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DLTR. Truist Financial set a $84.00 price objective on Dollar Tree in a research report on Thursday, March 27th. JPMorgan Chase & Co. lowered their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Evercore ISI upped their price objective on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research report on Thursday, March 27th. Wells Fargo & Company increased their price target on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Finally, UBS Group lowered their price target on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $81.84.

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Insider Transactions at Dollar Tree

In related news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average price 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 approximately $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.80% of the company's stock.

Dollar Tree Stock Up 0.7 %

Shares of NASDAQ:DLTR traded up $0.51 during trading hours on Thursday, reaching $73.08. The stock had a trading volume of 2,140,908 shares, compared to its average volume of 3,828,185. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $131.42. The firm's 50 day moving average is $70.90 and its 200-day moving average is $70.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of -15.35, a P/E/G ratio of 2.16 and a beta of 0.87.

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

Dollar Tree 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.