Ossiam Buys 377 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Ossiam lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTRFree Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,062 shares of the company’s stock after purchasing an additional 377 shares during the quarter. Ossiam’s holdings in Dollar Tree were worth $2,708,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. United Community Bank bought a new stake in shares of Dollar Tree during the 4th quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Dollar Tree during the 3rd quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth about $35,000. City State Bank raised its stake in shares of Dollar Tree by 200.0% during the 4th quarter. City State Bank now owns 300 shares of the company’s stock valued at $43,000 after buying an additional 200 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in shares of Dollar Tree in the third quarter worth about $34,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Dollar Tree news, CFO Jeffrey A. Davis acquired 1,800 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were bought at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the transaction, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Heinrich purchased 1,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $127.85 per share, with a total value of $127,850.00. Following the acquisition, the director now directly owns 6,225 shares in the company, valued at $795,866.25. The disclosure for this purchase can be found here. Insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

DLTR has been the subject of a number of research reports. Evercore ISI cut their target price on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Guggenheim boosted their target price on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. TheStreet lowered Dollar Tree from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. Loop Capital dropped their target price on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Finally, Wells Fargo & Company reduced their target price on shares of Dollar Tree from $180.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.70.

Get Our Latest Stock Analysis on Dollar Tree

Dollar Tree Trading Down 1.0 %

NASDAQ:DLTR opened at $111.29 on Monday. The stock’s 50 day moving average price is $121.08 and its 200 day moving average price is $130.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 1.28. Dollar Tree, Inc. has a 52-week low of $102.77 and a 52-week high of $154.96.

Dollar Tree (NASDAQ:DLTRGet Free Report) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.43. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.63 billion. Dollar Tree had a negative net margin of 3.23% and a positive return on equity of 15.67%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 earnings per share. On average, sell-side analysts predict that Dollar Tree, Inc. will post 6.68 earnings per share for the current fiscal year.

About Dollar Tree

(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.

Further Reading

Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

Receive News & Ratings for Dollar Tree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar Tree and related companies with MarketBeat.com's FREE daily email newsletter.