Inkwell Capital LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 26,260 shares of the company's stock, valued at approximately $1,968,000. Dollar Tree makes up about 2.1% of Inkwell Capital LLC's holdings, making the stock its 23rd largest holding.
A number of other hedge funds have also recently made changes to their positions in the business. Assetmark Inc. lifted its stake in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after acquiring an additional 149 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings 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 purchasing an additional 157 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after purchasing an additional 180 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 during the last quarter. Finally, Metis Global Partners LLC boosted its holdings in Dollar Tree by 3.4% during the fourth quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock worth $508,000 after purchasing an additional 220 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.
Dollar Tree Stock Performance
Shares of Dollar Tree stock traded down $6.67 during trading hours on Thursday, reaching $70.90. The company had a trading volume of 9,613,703 shares, compared to its average volume of 3,687,741. 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, Inc. has a one year low of $60.49 and a one year high of $136.02. The firm has a market cap of $15.25 billion, a PE ratio of -14.86, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The business has a fifty day simple moving average of $71.37 and a 200 day simple moving average of $70.41.
Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share 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 company had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. During the same period in the previous year, the firm earned $2.55 EPS. The firm's quarterly revenue was up .7% compared to the same quarter last year. On average, analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
DLTR has been the topic of several recent analyst reports. Guggenheim dropped their target price on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. UBS Group dropped 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. JPMorgan Chase & Co. reduced their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Evercore ISI lifted their target price on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research note on Thursday, March 27th. Finally, Jefferies Financial Group boosted their price target on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Sixteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $84.11.
Check Out Our Latest Analysis on DLTR
Dollar Tree Profile
(
Free Report)
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.
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