Dollar Tree, Inc. (NASDAQ:DLTR) is Harber Asset Management LLC's 5th Largest Position

Harber Asset Management LLC lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 211,525 shares of the company's stock after selling 4,027 shares during the quarter. Dollar Tree accounts for 4.8% of Harber Asset Management LLC's holdings, making the stock its 5th biggest holding. Harber Asset Management LLC owned approximately 0.10% of Dollar Tree worth $15,852,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DLTR. Bessemer Group Inc. grew its holdings in shares of Dollar Tree by 34,600.0% in the fourth 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. Assetmark Inc. grew its stake in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Dollar Tree in the fourth quarter worth about $30,000. Parkside Financial Bank & Trust lifted its holdings 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 buying an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Dollar Tree by 91.3% in 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. Hedge funds and other institutional investors own 97.40% of the company's stock.

Dollar Tree Price Performance

NASDAQ:DLTR traded up $5.93 during trading hours on Friday, reaching $79.14. 7,221,420 shares of the company were exchanged, compared to its average volume of 3,931,992. The stock's 50-day moving average is $71.05 and its 200-day moving average is $70.45. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $123.41. The firm has a market cap of $17.02 billion, a PE ratio of -16.59, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 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 analysts' expectations of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree's quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $2.55 earnings per share. On average, sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Transactions at Dollar Tree

In related news, Director William W. Douglas III bought 701 shares of the stock in a transaction on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. This represents a 103.70 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the company'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 completion of the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on DLTR shares. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Wells Fargo & Company upped their target price on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Telsey Advisory Group lifted their price target on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research report on Thursday, March 27th. Evercore ISI increased their price objective on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a report on Thursday, March 27th. Finally, Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $103.00 in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average 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.