Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. increased its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 113.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,277 shares of the company's stock after purchasing an additional 23,571 shares during the period. Franklin Resources Inc.'s holdings in Dollar Tree were worth $3,318,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after buying an additional 149 shares during the period. Versant Capital Management Inc bought a new position in Dollar Tree in the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust increased its holdings in Dollar Tree by 120.8% during the 4th 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. MassMutual Private Wealth & Trust FSB raised its position in Dollar Tree by 91.3% during the 4th 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 in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Dollar Tree in the 4th quarter worth $43,000. 97.40% of the stock is currently owned by institutional investors.

Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III bought 701 shares of the business's stock in a transaction dated 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 acquisition, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade represents a 103.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.80% of the company's stock.

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Dollar Tree Stock Performance

NASDAQ:DLTR traded down $1.91 during midday trading on Tuesday, hitting $71.80. The company's stock had a trading volume of 4,732,056 shares, compared to its average volume of 3,884,833. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $128.00. 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 firm has a market cap of $15.44 billion, a P/E ratio of -15.05, a P/E/G ratio of 2.16 and a beta of 0.87. The firm's 50 day moving average is $70.85 and its 200-day moving average is $70.30.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its 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). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. During the same period last year, the business earned $2.55 EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. Equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

DLTR has been the subject of a number of research reports. Wells Fargo & Company upped 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. UBS Group cut 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. Telsey Advisory Group boosted 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. Guggenheim dropped their price objective on Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. 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's stock. According to data from MarketBeat, the stock presently 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.