Claret Asset Management Corp Buys 35,714 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Claret Asset Management Corp raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1,143.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 38,836 shares of the company’s stock after buying an additional 35,714 shares during the period. Claret Asset Management Corp’s holdings in Dollar Tree were worth $2,910,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares 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 purchasing an additional 149 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Dollar Tree by 34,600.0% in the fourth quarter. Bessemer Group Inc. now owns 347 shares of the company’s stock valued at $26,000 after purchasing an additional 346 shares in the last quarter. Versant Capital Management Inc purchased a new position in Dollar Tree during the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust boosted its holdings in 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 purchasing an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted 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 purchasing an additional 210 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Trading Up 8.1 %

Shares of DLTR opened at $79.14 on Friday. The stock has a 50 day simple moving average of $71.05 and a 200-day simple moving average of $70.45. Dollar Tree, Inc. has a 1 year low of $60.49 and a 1 year high of $123.41. The stock has a market cap of $17.02 billion, a PE ratio of -16.59, a PEG ratio of 2.16 and a beta of 0.87. The company has a current ratio of 1.03, a quick ratio of 0.17 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). The company had revenue of $5 billion during the quarter, compared to the consensus estimate 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 was up .7% compared to the same quarter last year. During the same period last year, the company earned $2.55 earnings per share. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In other news, Director William W. Douglas III bought 701 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, with a total value 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 represents a 103.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $316,055.70. This trade represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

DLTR has been the topic of a number of analyst reports. Guggenheim reduced their price objective on shares of Dollar Tree from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, March 28th. JPMorgan Chase & Co. cut their price objective on shares of Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Truist Financial set a $84.00 price objective on shares of Dollar Tree in a research report on Thursday, March 27th. Telsey Advisory Group lifted their price target on Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a research note on Thursday, March 27th. Finally, Citigroup raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and upped their price target for the stock from $76.00 to $103.00 in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Dollar Tree currently has a consensus rating of “Hold” and an average target price of $81.84.

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.