BI Asset Management Fondsmaeglerselskab A S Has $729,000 Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 131.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,723 shares of the company's stock after purchasing an additional 5,515 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Dollar Tree were worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assetmark Inc. lifted its position in shares of Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after buying an additional 149 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Dollar Tree by 34,600.0% in the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after purchasing an additional 346 shares during the last quarter. Versant Capital Management Inc bought a new stake in Dollar Tree during the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust boosted its position in Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after purchasing an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Insider Activity at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the business's 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 sale, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William W. Douglas III purchased 701 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.80% of the company's stock.

Dollar Tree Price Performance

Shares of NASDAQ DLTR traded down $0.66 during midday trading on Friday, reaching $80.57. 3,136,482 shares of the company traded hands, compared to its average volume of 4,005,669. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $123.17. 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's 50-day simple moving average is $71.96 and its 200-day simple moving average is $70.86. The firm has a market cap of $17.33 billion, a PE ratio of -16.89, a PEG ratio of 2.16 and a beta of 0.87.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DLTR shares. Loop Capital restated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Wells Fargo & Company boosted their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Guggenheim cut their price target on Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 28th. Telsey Advisory Group boosted their target price on shares of Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research report on Thursday, March 27th. Finally, Evercore ISI increased their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Dollar Tree has a consensus rating of "Hold" and an average 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.