Kovitz Investment Group Partners LLC Raises Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Kovitz Investment Group Partners LLC lifted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 382.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,524,870 shares of the company's stock after purchasing an additional 5,173,238 shares during the quarter. Dollar Tree accounts for approximately 1.6% of Kovitz Investment Group Partners LLC's holdings, making the stock its 21st biggest position. Kovitz Investment Group Partners LLC owned approximately 3.03% of Dollar Tree worth $488,974,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Tidal Investments LLC lifted its position in Dollar Tree by 193.1% during the third quarter. Tidal Investments LLC now owns 20,130 shares of the company's stock valued at $1,416,000 after purchasing an additional 13,263 shares during the period. Principal Financial Group Inc. lifted its position in Dollar Tree by 0.6% during the third quarter. Principal Financial Group Inc. now owns 232,455 shares of the company's stock valued at $16,346,000 after purchasing an additional 1,485 shares during the period. Versant Capital Management Inc bought a new position in Dollar Tree during the fourth quarter valued at approximately $30,000. GAMMA Investing LLC lifted its position in Dollar Tree by 145.0% during the fourth quarter. GAMMA Investing LLC now owns 5,691 shares of the company's stock valued at $426,000 after purchasing an additional 3,368 shares during the period. Finally, Nordea Investment Management AB lifted its position in Dollar Tree by 7.0% during the fourth quarter. Nordea Investment Management AB now owns 19,507 shares of the company's stock valued at $1,463,000 after purchasing an additional 1,277 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction on Monday, April 14th. The shares were 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 in the company, valued at approximately $316,055.70. The trade was a 22.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William W. Douglas III acquired 701 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average cost 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 approximately $103,275. This represents a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

DLTR has been the topic of a number of research analyst reports. Bank of America lowered their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Guggenheim lowered their price objective 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. Evercore ISI increased their price target on shares of Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a research report on Thursday, March 27th. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and increased their price target for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock 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 assigned a buy rating to the company. Based on data from MarketBeat, Dollar Tree has a consensus rating of "Hold" and an average price target of $81.84.

Dollar Tree Price Performance

Shares of DLTR stock traded down $0.40 on Monday, hitting $80.17. 3,132,311 shares of the stock traded hands, compared to its average volume of 4,002,177. The firm has a market cap of $17.24 billion, a price-to-earnings ratio of -16.81, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $123.17. The firm has a 50 day simple moving average of $71.96 and a two-hundred day simple moving average of $70.87. 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 (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.09). The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business's revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.55 earnings per share. As a group, equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Dollar Tree Company Profile

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.