Advisory Services Network LLC Increases Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Advisory Services Network LLC increased its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 116.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,126 shares of the company's stock after buying an additional 5,438 shares during the period. Advisory Services Network LLC's holdings in Dollar Tree were worth $759,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Assetmark Inc. increased its holdings in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares during the period. Versant Capital Management Inc bought a new position in shares of Dollar Tree in the fourth quarter worth $30,000. Parkside Financial Bank & Trust raised its position in shares of Dollar Tree by 120.8% in 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake 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 buying an additional 210 shares during the period. Finally, Hurley Capital LLC purchased a new position in Dollar Tree during the fourth quarter worth about $33,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar Tree

In other news, 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 value of $92,478.60. Following the sale, the chief accounting officer now directly 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 document filed with the SEC, which is available through the SEC website. Also, Director William W. Douglas III acquired 701 shares of the stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now directly owns 1,377 shares of the company's stock, valued at $103,275. The trade was a 103.70 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.80% of the company's stock.

Dollar Tree Trading Up 8.1 %

NASDAQ DLTR traded up $5.93 during trading on Friday, hitting $79.14. The company had a trading volume of 7,221,420 shares, compared to its average volume of 3,939,923. The company's fifty day moving average is $71.05 and its 200-day moving average is $70.45. The company has a market cap 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 current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $123.41.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued 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). 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 analysts' expectations of $8.23 billion. During the same quarter last year, the business earned $2.55 earnings per share. The business's quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore ISI raised their price target on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a report on Thursday, March 27th. UBS Group dropped 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 report on Friday, March 21st. Wells Fargo & Company increased their price target 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. JPMorgan Chase & Co. dropped their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Finally, Bank of America lowered their price target on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.