Russell Investments Group Ltd. Purchases 26,950 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Russell Investments Group Ltd. raised its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 48.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 82,984 shares of the company’s stock after purchasing an additional 26,950 shares during the quarter. Russell Investments Group Ltd.’s holdings in Dollar Tree were worth $6,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. lifted its stake in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Versant Capital Management Inc bought a new stake in Dollar Tree in the fourth quarter valued at approximately $30,000. Parkside Financial Bank & Trust lifted its position in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company’s stock valued at $32,000 after buying an additional 232 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 210 shares during the last quarter. Finally, Hurley Capital LLC bought a new position in shares of Dollar Tree during the 4th quarter worth approximately $33,000. Institutional investors own 97.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Evercore ISI raised their price target on Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a report on Thursday, March 27th. Wells Fargo & Company raised their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. UBS Group reduced their target price on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 21st. Telsey Advisory Group increased their price target on shares of Dollar Tree from $75.00 to $82.00 and gave the company a “market perform” rating in a report on Thursday, March 27th. Finally, Guggenheim reduced their price objective on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $81.84.

Dollar Tree Price Performance

Shares of NASDAQ:DLTR opened at $72.11 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $15.51 billion, a PE ratio of -15.12, a PEG ratio of 2.16 and a beta of 0.87. The firm has a 50 day moving average of $70.86 and a 200-day moving average of $70.29. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $128.00.

Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.55 earnings per share. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Activity at Dollar Tree

In related news, Director William W. Douglas III acquired 701 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares in the company, valued at $103,275. This trade 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 is available through this hyperlink. 6.80% of the stock is currently owned by insiders.

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.