Symmetry Investments LP Makes New $736,000 Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Symmetry Investments LP bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,822 shares of the company's stock, valued at approximately $736,000.

Several other institutional investors also recently modified their holdings of DLTR. Assetmark Inc. boosted its stake 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 last quarter. Bessemer Group Inc. raised its holdings in Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after purchasing an additional 346 shares during the period. Versant Capital Management Inc bought a new position in shares of Dollar Tree during the fourth quarter worth $30,000. Parkside Financial Bank & Trust grew its holdings in shares of Dollar Tree by 120.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after buying an additional 232 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Dollar Tree by 91.3% in the 4th 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 in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on DLTR. Guggenheim reduced their target price on Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Citigroup upgraded Dollar Tree from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Wells Fargo & Company increased their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. UBS Group cut their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Evercore ISI increased their target price on Dollar Tree from $79.00 to $85.00 and gave the stock an "in-line" rating in a report on Thursday, March 27th. One research 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. Based on data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and an average target price of $81.84.

Insider Buying and Selling

In other news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William W. Douglas III purchased 701 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70 % increase in their position. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by insiders.

Dollar Tree Stock Performance

NASDAQ DLTR traded down $0.66 during trading on Friday, reaching $80.57. 3,136,482 shares of the company's stock were exchanged, compared to its average volume of 3,995,042. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $123.17. The stock has a market capitalization of $17.33 billion, a P/E ratio of -16.89, a PEG ratio of 2.16 and a beta of 0.87. The business has a 50 day moving average price of $71.96 and a 200-day moving average price of $70.85. 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 released 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 negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the firm earned $2.55 earnings per share. Dollar Tree's revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts forecast 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.