440 Shares in Dollar Tree, Inc. (NASDAQ:DLTR) Acquired by Hurley Capital LLC

Hurley Capital LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 440 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. boosted its position in shares of Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Versant Capital Management Inc acquired a new position in Dollar Tree in the fourth quarter valued at about $30,000. Parkside Financial Bank & Trust boosted its holdings in Dollar Tree by 120.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock worth $32,000 after buying an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after buying an additional 210 shares during the period. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Dollar Tree in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Trading Up 0.5 %

Dollar Tree stock opened at $67.55 on Friday. The company has a market cap of $14.53 billion, a price-to-earnings ratio of -14.16, a P/E/G ratio of 2.16 and a beta of 0.87. The firm has a 50-day moving average of $71.19 and a 200-day moving average of $70.34. 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, Inc. has a one year low of $60.49 and a one year high of $131.42.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $5 billion for 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%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $2.55 earnings per share. On average, equities analysts expect that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dollar Tree news, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the acquisition, the director now owns 1,377 shares of the company’s stock, valued at approximately $103,275. This trade represents a 103.70 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 6.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on DLTR. JPMorgan Chase & Co. reduced their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. UBS Group reduced their price target 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. Wells Fargo & Company upped their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Truist Financial set a $84.00 price objective on Dollar Tree in a research note on Thursday, March 27th. Finally, Guggenheim decreased their target price on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $81.00.

About Dollar Tree

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.