OMERS ADMINISTRATION Corp Has $648,000 Stake in Dollar Tree, Inc. (NASDAQ:DLTR)

OMERS ADMINISTRATION Corp raised its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 20.2% during the fourth quarter, Holdings Channel reports. The firm owned 8,652 shares of the company’s stock after purchasing an additional 1,453 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Dollar Tree were worth $648,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DLTR. Avanza Fonder AB acquired a new position in shares of Dollar Tree in the 4th quarter worth approximately $1,563,000. Kera Capital Partners Inc. acquired a new position in shares of Dollar Tree in the 4th quarter worth approximately $227,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 210 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Dollar Tree in the 4th quarter worth approximately $4,069,000. Finally, Fifth Third Bancorp lifted its position in shares of Dollar Tree by 69.8% in the 4th quarter. Fifth Third Bancorp now owns 9,418 shares of the company’s stock worth $706,000 after purchasing an additional 3,873 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

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 on Wednesday, April 2nd. The shares were acquired at an average cost of $75.00 per share, with a total value of $52,575.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Aditya Maheshwari sold 1,238 shares of the company’s stock in a transaction dated 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 approximately $316,055.70. This trade represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DLTR has been the subject of several research analyst reports. UBS Group lowered their price objective 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. Loop Capital reiterated a “hold” rating on shares of Dollar Tree in a research note on Thursday, March 27th. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Dollar Tree in a research note on Monday, May 5th. Evercore ISI lifted 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, Wells Fargo & Company lifted their price objective on shares of Dollar Tree from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $82.68.

Dollar Tree Stock Performance

Shares of DLTR stock opened at $86.51 on Monday. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $121.92. 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 firm has a market capitalization of $18.61 billion, a PE ratio of -18.14, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The firm has a fifty day simple moving average of $75.76 and a two-hundred day simple moving average of $72.73.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) 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 firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the company earned $2.55 EPS. The business’s revenue was up .7% compared to the same quarter last year. Analysts forecast 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.