Aquatic Capital Management LLC Acquires 75,106 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Aquatic Capital Management LLC raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 133.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,506 shares of the company's stock after acquiring an additional 75,106 shares during the quarter. Aquatic Capital Management LLC owned about 0.06% of Dollar Tree worth $9,855,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Empower Advisory Group LLC lifted its stake in shares of Dollar Tree by 15.3% in the fourth quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock worth $56,986,000 after buying an additional 100,676 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Dollar Tree in the fourth quarter worth $520,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Dollar Tree in the fourth quarter worth $448,000. Intrepid Capital Management Inc. lifted its stake in shares of Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock worth $2,025,000 after buying an additional 13,751 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its stake in shares of Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after buying an additional 67,100 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Telsey Advisory Group upped their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a research note on Thursday, March 27th. UBS Group cut their target price on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. cut their target price on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, Evercore ISI upped their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $81.84.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR traded up $0.72 during trading on Tuesday, reaching $80.89. The stock had a trading volume of 2,403,051 shares, compared to its average volume of 3,990,681. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $123.17. The business's 50-day moving average price is $72.05 and its 200 day moving average price is $70.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. The stock has a market capitalization of $17.40 billion, a PE ratio of -16.96, a P/E/G ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data 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 quarter last year, the firm earned $2.55 EPS. The business's revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the transaction, the chief accounting officer now owns 4,231 shares of the company's stock, valued at $316,055.70. The trade was a 22.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by corporate 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.