Clarius Group LLC Acquires New Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Clarius Group LLC acquired a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,408 shares of the company’s stock, valued at approximately $200,000.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of Dollar Tree by 0.3% in the first quarter. BlackRock Inc. now owns 16,041,782 shares of the company’s stock valued at $2,302,798,000 after purchasing an additional 50,496 shares in the last quarter. Mantle Ridge LP increased its position in shares of Dollar Tree by 11,365,431.0% in the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock valued at $1,820,190,000 after purchasing an additional 11,365,431 shares during the last quarter. State Street Corp increased its position in shares of Dollar Tree by 8.4% in the 1st quarter. State Street Corp now owns 8,933,338 shares of the company’s stock valued at $1,282,378,000 after purchasing an additional 692,658 shares during the last quarter. Morgan Stanley increased its position in shares of Dollar Tree by 95.9% in the 4th quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock valued at $620,059,000 after purchasing an additional 2,145,910 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of Dollar Tree by 0.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,063,966 shares of the company’s stock valued at $574,808,000 after purchasing an additional 26,903 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Up 0.1 %

DLTR stock opened at $125.36 on Tuesday. Dollar Tree, Inc. has a one year low of $102.77 and a one year high of $161.10. The stock has a market capitalization of $27.33 billion, a PE ratio of -27.13, a price-to-earnings-growth ratio of 1.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The company has a fifty day moving average of $137.39 and a 200-day moving average of $128.17.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.66 billion. During the same quarter last year, the business posted $2.04 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. As a group, analysts expect that Dollar Tree, Inc. will post 6.91 EPS for the current year.

Insider Activity

In related news, Director Daniel J. Heinrich purchased 1,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was acquired at an average price of $127.85 per share, for a total transaction of $127,850.00. Following the acquisition, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $795,866.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Dollar Tree news, CFO Jeffrey A. Davis bought 1,800 shares of the company’s stock in a transaction on Monday, April 1st. The stock was purchased at an average cost of $136.00 per share, for a total transaction of $244,800.00. Following the acquisition, the chief financial officer now owns 19,047 shares of the company’s stock, valued at approximately $2,590,392. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Heinrich bought 1,000 shares of the company’s stock in a transaction on Monday, March 18th. The shares were acquired at an average price of $127.85 per share, with a total value of $127,850.00. Following the completion of the acquisition, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The disclosure for this purchase can be found here. Insiders own 6.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Jefferies Financial Group dropped their price objective on shares of Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. Truist Financial dropped their price objective on shares of Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Guggenheim increased their price objective on shares of Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $160.00 price objective on shares of Dollar Tree in a research report on Thursday, March 14th. Finally, Evercore ISI increased their price objective on shares of Dollar Tree from $144.00 to $145.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.20.

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.