Dollar Tree, Inc. (NASDAQ:DLTR) Stock Position Lifted by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. raised its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,940,163 shares of the company’s stock after purchasing an additional 1,000,637 shares during the quarter. Dollar Tree accounts for 4.7% of EdgePoint Investment Group Inc.’s investment portfolio, making the stock its 8th largest position. EdgePoint Investment Group Inc.’s holdings in Dollar Tree were worth $595,036,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DLTR. Assetmark Inc. lifted its holdings in Dollar Tree by 74.1% in the fourth quarter. Assetmark Inc. now owns 350 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares during the period. Deseret Mutual Benefit Administrators lifted its position in Dollar Tree by 20.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company’s stock valued at $68,000 after purchasing an additional 157 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in Dollar Tree by 5.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company’s stock valued at $254,000 after purchasing an additional 180 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake 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 worth $33,000 after buying an additional 210 shares during the period. Finally, Metis Global Partners LLC grew its stake in shares of Dollar Tree by 3.4% during the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company’s stock valued at $508,000 after acquiring an additional 220 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Dollar Tree Stock Up 1.1 %

Shares of Dollar Tree stock opened at $85.38 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average price is $73.54 and its 200-day moving average price is $71.76. The company has a market cap of $18.36 billion, a P/E ratio of -17.90, a PEG ratio of 2.16 and a beta of 0.87. Dollar Tree, Inc. has a 52-week low of $60.49 and a 52-week high of $123.17.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share 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 business had revenue of $5 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the company posted $2.55 EPS. Dollar Tree’s quarterly revenue was up .7% compared to the same quarter last year. On average, sell-side analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other 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 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 trade represents a 103.70 % increase in their ownership of the stock. 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 on Monday, April 14th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DLTR shares. Sanford C. Bernstein set a $82.00 price objective on shares of Dollar Tree and gave the stock a “market perform” rating in a research note on Monday. JPMorgan Chase & Co. lowered their price target on Dollar Tree from $88.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Citigroup upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $103.00 in a research report on Monday, April 7th. Wells Fargo & Company boosted their price target 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. Finally, Evercore ISI boosted their target price on Dollar Tree from $79.00 to $85.00 and gave the stock an “in-line” rating in a research report on Thursday, March 27th. One research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $82.68.

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.