Boothbay Fund Management LLC Purchases 12,411 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

by · The Cerbat Gem

Boothbay Fund Management LLC boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR – Free Report) by 39.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,981 shares of the company’s stock after purchasing an additional 12,411 shares during the period. Boothbay Fund Management LLC’s holdings in Dollar Tree were worth $3,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in DLTR. Assetmark Inc. raised its stake in shares of Dollar Tree by 74.1% during the fourth 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. Bessemer Group Inc. lifted its holdings in Dollar Tree by 34,600.0% during the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock worth $26,000 after buying an additional 346 shares during the period. Versant Capital Management Inc purchased a new stake in Dollar Tree during the fourth quarter worth $30,000. Parkside Financial Bank & Trust boosted its position in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after acquiring an additional 232 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings 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 acquiring an additional 210 shares during the period. Institutional investors own 97.40% of the company’s stock.

Insider Activity at Dollar Tree

In other news, Director William W. Douglas III purchased 701 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was bought at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now directly owns 1,377 shares of the company’s stock, valued at $103,275. The trade was a 103.70 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the company’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at $316,055.70. This represents a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $80.57 on Monday. The firm’s fifty day simple moving average is $71.96 and its 200-day simple moving average is $70.87. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of -16.89, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $123.17. 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 data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. Dollar Tree’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.55 EPS. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DLTR shares. Telsey Advisory Group raised their price objective on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research report on Thursday, March 27th. Bank of America dropped their price objective 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. Wells Fargo & Company raised their price objective on Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Evercore ISI increased their price target on 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, Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $81.84.

Check Out Our Latest Stock Report on DLTR

Dollar Tree Company 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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