Desjardins Global Asset Management Inc. Acquires 115 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Desjardins Global Asset Management Inc. boosted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,355 shares of the company’s stock after acquiring an additional 115 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Dollar Tree were worth $192,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DLTR. Mantle Ridge LP increased its stake in Dollar Tree by 11,365,431.0% in the 1st quarter. Mantle Ridge LP now owns 11,365,531 shares of the company’s stock worth $1,820,190,000 after acquiring an additional 11,365,431 shares during the last quarter. Morgan Stanley increased its position in shares of Dollar Tree by 95.9% during the 4th quarter. Morgan Stanley now owns 4,383,897 shares of the company’s stock valued at $620,059,000 after purchasing an additional 2,145,910 shares during the last quarter. Norges Bank bought a new position in shares of Dollar Tree during the 4th quarter valued at about $273,045,000. Invesco Ltd. increased its position in shares of Dollar Tree by 69.3% during the 1st quarter. Invesco Ltd. now owns 1,825,658 shares of the company’s stock valued at $292,377,000 after purchasing an additional 747,162 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Dollar Tree by 139.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,260,780 shares of the company’s stock valued at $134,202,000 after purchasing an additional 734,229 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

Insider Transactions at Dollar Tree

In other news, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was purchased at an average price of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now owns 6,225 shares of the company’s stock, valued at $795,866.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Jeffrey A. Davis bought 1,800 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was purchased at an average price of $136.00 per share, with a total value of $244,800.00. Following the transaction, the chief financial officer now owns 19,047 shares of the company’s stock, valued at $2,590,392. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel J. Heinrich bought 1,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was purchased at an average cost of $127.85 per share, with a total value of $127,850.00. Following the transaction, the director now directly owns 6,225 shares in the company, valued at approximately $795,866.25. The disclosure for this purchase can be found here. Corporate insiders own 6.00% of the company’s stock.

Dollar Tree Trading Down 1.2 %

NASDAQ DLTR opened at $122.23 on Friday. Dollar Tree, Inc. has a fifty-two week low of $102.77 and a fifty-two week high of $161.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 1.31. The stock has a 50 day simple moving average of $136.42 and a two-hundred day simple moving average of $128.22. The stock has a market cap of $26.64 billion, a P/E ratio of -26.46, a price-to-earnings-growth ratio of 1.17 and a beta of 0.90.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 13th. The company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.66 billion. During the same period in the prior year, the company posted $2.04 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. On average, analysts forecast that Dollar Tree, Inc. will post 6.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DLTR shares. Truist Financial reduced their price objective on Dollar Tree from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Guggenheim increased their price objective on Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. StockNews.com upgraded Dollar Tree from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Evercore ISI dropped their target price on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a report on Tuesday. Finally, Oppenheimer restated a “market perform” rating on shares of Dollar Tree in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Dollar Tree presently has an average rating of “Moderate Buy” and an average price target of $150.05.

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.