Elkfork Partners LLC purchased a new stake in Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 25,982 shares of the company’s stock, valued at approximately $2,005,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its position in Dollar Tree by 4.5% in the second quarter. US Bancorp DE now owns 464,347 shares of the company’s stock valued at $43,761,000 after buying an additional 19,803 shares during the last quarter. Grand Jean Capital Management Inc. raised its position in Dollar Tree by 2.2% in the second quarter. Grand Jean Capital Management Inc. now owns 114,935 shares of the company’s stock valued at $10,831,000 after buying an additional 2,515 shares during the last quarter. Boston Family Office LLC raised its position in Dollar Tree by 0.7% in the second quarter. Boston Family Office LLC now owns 101,822 shares of the company’s stock valued at $9,596,000 after buying an additional 720 shares during the last quarter. Stanley Laman Group Ltd. raised its position in Dollar Tree by 166.3% in the second quarter. Stanley Laman Group Ltd. now owns 21,306 shares of the company’s stock valued at $2,008,000 after buying an additional 13,306 shares during the last quarter. Finally, Appleton Partners Inc. MA raised its position in Dollar Tree by 334.6% in the second quarter. Appleton Partners Inc. MA now owns 18,100 shares of the company’s stock valued at $1,706,000 after buying an additional 13,935 shares during the last quarter. 93.78% of the stock is owned by hedge funds and other institutional investors.

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

Dollar Tree, Inc. (NASDAQ:DLTR) traded up 1.46% during mid-day trading on Friday, reaching $79.14. The company’s stock had a trading volume of 1,224,057 shares. The firm has a market cap of $18.68 billion, a PE ratio of 23.27 and a beta of 0.62. Dollar Tree, Inc. has a one year low of $72.55 and a one year high of $99.93. The stock’s 50 day moving average is $77.20 and its 200 day moving average is $81.97.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Tuesday, November 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.03. The firm earned $5 billion during the quarter, compared to analyst estimates of $5.08 billion. Dollar Tree had a return on equity of 17.15% and a net margin of 3.93%. Dollar Tree’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. On average, analysts anticipate that Dollar Tree, Inc. will post $3.79 EPS for the current year.

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Several research firms have recently commented on DLTR. Buckingham Research reissued a “buy” rating and issued a $117.00 price target (up from $106.00) on shares of Dollar Tree in a research report on Monday, November 28th. Barclays PLC set a $84.00 price target on Dollar Tree and gave the stock a “hold” rating in a research report on Wednesday, November 23rd. Credit Suisse Group set a $75.00 price target on Dollar Tree and gave the stock a “sell” rating in a research report on Tuesday, November 22nd. Loop Capital began coverage on Dollar Tree in a research report on Wednesday, December 7th. They issued a “hold” rating and a $91.00 price target for the company. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $96.00 price target (up from $95.00) on shares of Dollar Tree in a research report on Saturday, December 10th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $89.65.

In related news, insider Joshua R. Jewett sold 6,716 shares of Dollar Tree stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $88.57, for a total value of $594,836.12. Following the completion of the transaction, the insider now directly owns 6,063 shares in the company, valued at $536,999.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.10% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc is an operator of discount variety stores. The Company operates approximately 13,851 discount variety retail stores. The Company’s segments include Dollar Tree and Family Dollar. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price. The Family Dollar segment operates a chain of general merchandise retail discount stores providing consumers with a selection of merchandise in neighborhood stores.

5 Day Chart for NASDAQ:DLTR

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