Wellington Management Group LLP Boosts Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Wellington Management Group LLP grew its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 155.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,886 shares of the company's stock after purchasing an additional 47,427 shares during the period. Wellington Management Group LLP's holdings in Dollar Tree were worth $5,837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Assetmark Inc. lifted its holdings 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 buying an additional 149 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Dollar Tree during the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust boosted its holdings in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after purchasing an additional 232 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Dollar Tree by 91.3% in 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 in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Dollar Tree during the 4th quarter worth $43,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Performance

DLTR stock traded down $1.27 during midday trading on Tuesday, reaching $72.44. The stock had a trading volume of 2,195,870 shares, compared to its average volume of 3,875,842. The firm has a fifty day simple moving average of $70.85 and a two-hundred day simple moving average of $70.30. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock has a market cap of $15.58 billion, a PE ratio of -15.19, a P/E/G ratio of 2.16 and a beta of 0.87.

Remove Ads

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) 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 analysts' expectations of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.55 earnings per share. As a group, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III bought 701 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 approximately $103,275. This trade represents a 103.70 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DLTR. Bank of America dropped their price target on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Truist Financial set a $84.00 target price on shares of Dollar Tree in a report on Thursday, March 27th. Telsey Advisory Group boosted their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a "market perform" rating in a report on Thursday, March 27th. Evercore ISI increased their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a research note on Thursday, March 27th. Finally, UBS Group reduced their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $81.84.

Dollar Tree 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.