Inkwell Capital LLC Makes New Investment in Dollar Tree, Inc. (NASDAQ:DLTR)

Inkwell Capital LLC bought a new position in Dollar Tree, Inc. (NASDAQ:DLTR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,260 shares of the company’s stock, valued at approximately $1,968,000. Dollar Tree makes up approximately 2.1% of Inkwell Capital LLC’s portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors have also recently modified their holdings of DLTR. Allstate Corp purchased a new position in Dollar Tree in the 4th quarter worth approximately $452,000. Pictet Asset Management Holding SA raised its stake in shares of Dollar Tree by 7.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 108,716 shares of the company’s stock worth $8,147,000 after purchasing an additional 7,832 shares during the last quarter. Easterly Investment Partners LLC raised its position in Dollar Tree by 17.8% in the 4th quarter. Easterly Investment Partners LLC now owns 96,081 shares of the company’s stock worth $7,200,000 after buying an additional 14,493 shares during the last quarter. Norges Bank purchased a new position in Dollar Tree in the 4th quarter worth about $171,149,000. Finally, UniSuper Management Pty Ltd lifted its stake in Dollar Tree by 20.0% during the 4th quarter. UniSuper Management Pty Ltd now owns 30,228 shares of the company’s stock valued at $2,265,000 after acquiring an additional 5,042 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several research reports. Telsey Advisory Group boosted their price objective on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research note on Thursday. Citigroup raised their price target on Dollar Tree from $64.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their price objective on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, BMO Capital Markets boosted their price target on Dollar Tree from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, December 5th. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.42.

Dollar Tree Stock Down 5.5 %

Shares of DLTR stock opened at $72.75 on Friday. The company’s fifty day simple moving average is $71.17 and its two-hundred day simple moving average is $70.25. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $137.14. The stock has a market cap of $15.65 billion, a P/E ratio of -15.25, a PEG ratio of 2.16 and a beta of 0.91. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the previous year, the company posted $2.55 earnings per share. Dollar Tree’s quarterly revenue was up .7% on a year-over-year basis. Analysts predict that Dollar Tree, Inc. will post 5.39 EPS 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.