Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 784.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,377,366 shares of the company's stock after acquiring an additional 3,882,324 shares during the period. Marshall Wace LLP owned 2.04% of Dollar Tree worth $328,040,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Dollar Tree by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock valued at $1,757,360,000 after buying an additional 163,368 shares during the last quarter. Geode Capital Management LLC lifted its stake in Dollar Tree by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company's stock worth $381,964,000 after purchasing an additional 222,352 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of Dollar Tree by 31.3% during the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock valued at $298,143,000 after purchasing an additional 947,580 shares during the last quarter. Norges Bank purchased a new position in shares of Dollar Tree during the fourth quarter valued at about $171,149,000. Finally, Madison Investment Advisors LLC bought a new stake in shares of Dollar Tree in the fourth quarter worth about $113,315,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DLTR. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Truist Financial set a $84.00 price target on shares of Dollar Tree in a research note on Thursday, March 27th. 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 research note on Thursday, March 27th. Wells Fargo & Company increased their price target on shares of Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Finally, Evercore ISI upped 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 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 MarketBeat, the company has an average rating of "Hold" and an average target price of $81.84.

Insiders Place Their Bets

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. This represents a 103.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction dated Monday, April 14th. The shares were 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 approximately $316,055.70. This trade 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 owned by company insiders.

Dollar Tree Stock Up 8.1 %

Shares of DLTR stock traded up $5.93 during mid-day trading on Friday, hitting $79.14. The stock had a trading volume of 7,221,420 shares, compared to its average volume of 3,931,992. Dollar Tree, Inc. has a 12-month low of $60.49 and a 12-month high of $123.41. 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's 50-day moving average is $71.05 and its two-hundred day moving average is $70.45. The firm has a market capitalization of $17.02 billion, a P/E ratio of -16.59, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.55 earnings per share. On average, 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.