Black Creek Investment Management Inc. Lowers Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Black Creek Investment Management Inc. cut its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 25.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,166 shares of the company's stock after selling 7,052 shares during the period. Dollar Tree makes up about 0.1% of Black Creek Investment Management Inc.'s portfolio, making the stock its 24th largest holding. Black Creek Investment Management Inc.'s holdings in Dollar Tree were worth $1,511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. raised its position 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 purchasing an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Dollar Tree by 20.9% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock valued at $68,000 after acquiring an additional 157 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Dollar Tree by 5.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after acquiring an additional 180 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after purchasing an additional 210 shares in the last quarter. Finally, Metis Global Partners LLC raised its stake in Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock valued at $508,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Activity

In other Dollar Tree news, Director William W. Douglas III purchased 701 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 4,231 shares of the company's stock, valued at $316,055.70. This represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Dollar Tree Stock Up 8.1 %

Shares of NASDAQ DLTR traded up $5.93 during midday trading on Friday, hitting $79.14. The company's stock had a trading volume of 7,221,420 shares, compared to its average volume of 3,923,640. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $124.81. The business's fifty day simple moving average is $70.91 and its two-hundred day simple moving average is $70.39. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of -16.59, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data 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). 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 analyst estimates of $8.23 billion. During the same quarter in the previous year, the business posted $2.55 earnings per share. The firm's revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Truist Financial set a $84.00 target price on shares of Dollar Tree in a research note on Thursday, March 27th. UBS Group reduced their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Guggenheim dropped their target price on Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Telsey Advisory Group raised their target price on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Dollar Tree currently has an average 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.