4,534 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Acquired by Forum Financial Management LP

Forum Financial Management LP bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,534 shares of the company's stock, valued at approximately $340,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Empower Advisory Group LLC raised its position in shares of Dollar Tree by 15.3% during the 4th quarter. Empower Advisory Group LLC now owns 760,423 shares of the company's stock valued at $56,986,000 after purchasing an additional 100,676 shares during the period. Pzena Investment Management LLC purchased a new stake in Dollar Tree in the 4th quarter worth $520,000. Strategic Wealth Investment Group LLC bought a new stake in Dollar Tree during the fourth quarter valued at about $448,000. Intrepid Capital Management Inc. lifted its position in shares of Dollar Tree by 103.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 27,026 shares of the company's stock valued at $2,025,000 after acquiring an additional 13,751 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its stake in shares of Dollar Tree by 253.2% in the fourth quarter. Alberta Investment Management Corp now owns 93,600 shares of the company's stock worth $7,014,000 after acquiring an additional 67,100 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree Trading Down 0.8 %

Shares of DLTR stock traded down $0.66 during trading hours on Friday, reaching $80.57. 3,136,482 shares of the stock were exchanged, compared to its average volume of 3,986,173. 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 12-month low of $60.49 and a 12-month high of $123.17. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of -16.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company's 50-day moving average price is $71.84 and its 200-day moving average price is $70.78.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the company posted $2.55 EPS. The company's quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. 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 report on Thursday, March 27th. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and upped their target price for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. Truist Financial set a $84.00 price target on shares of Dollar Tree in a report on Thursday, March 27th. Finally, Evercore ISI raised their price objective on Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research report on Thursday, March 27th. One equities research 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, the company has a consensus rating of "Hold" and an average target price of $81.84.

Insider Activity at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

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.