CANADA LIFE ASSURANCE Co Grows Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

CANADA LIFE ASSURANCE Co lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 4.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 184,587 shares of the company’s stock after acquiring an additional 8,262 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.09% of Dollar Tree worth $13,826,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its stake in Dollar Tree by 48.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 932,719 shares of the company’s stock valued at $69,898,000 after purchasing an additional 302,770 shares in the last quarter. Farringdon Capital Ltd. acquired a new stake in Dollar Tree during the 4th quarter worth about $229,000. Cravens & Co Advisors LLC purchased a new stake in Dollar Tree during the 4th quarter valued at about $429,000. Marshall Wace LLP increased its holdings in shares of Dollar Tree by 784.2% in the fourth 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 during the period. Finally, United Capital Financial Advisors LLC purchased a new position in shares of Dollar Tree in the fourth quarter worth about $747,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Dollar Tree Stock Up 8.1 %

DLTR stock opened at $79.14 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $123.41. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of -16.59, a PEG ratio of 2.16 and a beta of 0.87. The company’s 50 day moving average price is $71.05 and its 200 day moving average price is $70.46.

Dollar Tree (NASDAQ:DLTR) last posted its 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 during the quarter, compared to analysts’ expectations of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $2.55 EPS. On average, equities research analysts anticipate that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Citigroup raised shares of Dollar Tree from a “neutral” rating to a “buy” rating and raised their target price for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Evercore ISI upped 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. Guggenheim reduced their price target on Dollar Tree from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Bank of America lowered their price objective on Dollar Tree from $75.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group decreased their target price on shares of Dollar Tree from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $81.84.

Insiders Place Their Bets

In related news, CAO Aditya Maheshwari sold 1,238 shares of Dollar Tree stock in a transaction on Monday, April 14th. The shares were sold at an average price of $74.70, for a total transaction of $92,478.60. Following the sale, the chief accounting officer now directly owns 4,231 shares in the company, valued at $316,055.70. This trade represents a 22.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William W. Douglas III acquired 701 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was bought at an average price of $75.00 per share, with a total value of $52,575.00. Following the purchase, the director now directly 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. 6.80% of the stock is owned by corporate insiders.

Dollar Tree 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.