Dollar Tree, Inc. (NASDAQ:DLTR) Shares Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. boosted its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 100.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,200 shares of the company’s stock after acquiring an additional 53,600 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Dollar Tree were worth $8,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Dollar Tree by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company’s stock worth $1,757,360,000 after acquiring an additional 163,368 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Dollar Tree by 5.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company’s stock worth $743,461,000 after acquiring an additional 533,920 shares during the period. Capital International Investors lifted its position in Dollar Tree by 30.1% during the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company’s stock worth $656,000,000 after acquiring an additional 2,023,819 shares during the period. EdgePoint Investment Group Inc. lifted its position in Dollar Tree by 14.4% during the 4th quarter. EdgePoint Investment Group Inc. now owns 7,940,163 shares of the company’s stock worth $595,036,000 after acquiring an additional 1,000,637 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its position in Dollar Tree by 382.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company’s stock worth $488,974,000 after acquiring an additional 5,173,238 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DLTR shares. Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Wells Fargo & Company increased their target price on Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. Citigroup raised Dollar Tree from a “neutral” rating to a “buy” rating and increased their target price for the stock from $76.00 to $103.00 in a research note on Monday, April 7th. Evercore ISI increased their target price on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. cut their target price on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. One equities research 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, the stock currently has an average rating of “Hold” and an average target price of $82.68.

Insider Activity at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the business’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at $316,055.70. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now owns 1,377 shares of the company’s stock, valued at $103,275. This represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.60% of the stock is owned by insiders.

Dollar Tree Stock Performance

Dollar Tree stock opened at $86.58 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The stock has a fifty day moving average of $75.35 and a two-hundred day moving average of $72.45. The company has a market capitalization of $18.62 billion, a price-to-earnings ratio of -18.15, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $123.17.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the previous year, the business posted $2.55 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts anticipate 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.