Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 48.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 932,719 shares of the company’s stock after buying an additional 302,770 shares during the period. Canada Pension Plan Investment Board owned approximately 0.43% of Dollar Tree worth $69,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farringdon Capital Ltd. acquired a new stake in shares of Dollar Tree in the fourth quarter valued at $229,000. Cravens & Co Advisors LLC acquired a new stake in Dollar Tree in the 4th quarter valued at about $429,000. Marshall Wace LLP boosted its position in shares of Dollar Tree by 784.2% during the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company’s stock valued at $328,040,000 after purchasing an additional 3,882,324 shares in the last quarter. United Capital Financial Advisors LLC bought a new position in shares of Dollar Tree during the 4th quarter valued at about $747,000. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Dollar Tree in the 4th quarter worth approximately $222,000. 97.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dollar Tree news, Director William W. Douglas III acquired 701 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the completion of the purchase, the director now owns 1,377 shares of the company’s stock, valued at approximately $103,275. This trade represents a 103.70 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the sale, the chief accounting officer now owns 4,231 shares of the company’s stock, valued at approximately $316,055.70. The trade was a 22.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research reports. Guggenheim reduced their target price on shares of Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a report on Friday, March 28th. UBS Group cut their target price on Dollar Tree from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Citigroup upgraded Dollar Tree from a “neutral” rating to a “buy” rating and increased their price target for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Evercore ISI upped their price objective on shares of Dollar Tree from $79.00 to $85.00 and gave the company an “in-line” rating in a research note on Thursday, March 27th. Finally, Loop Capital reissued a “hold” rating on shares of Dollar Tree in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $81.84.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $79.14 on Friday. The firm has a market cap of $17.02 billion, a P/E ratio of -16.59, a PEG ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $123.41. The stock’s 50-day moving average is $71.05 and its two-hundred day moving average is $70.45.

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

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.