Mackenzie Financial Corp Decreases Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Mackenzie Financial Corp trimmed its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,316 shares of the company’s stock after selling 2,300 shares during the period. Mackenzie Financial Corp owned approximately 0.09% of Dollar Tree worth $26,324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DLTR. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Dollar Tree during the third quarter valued at approximately $26,000. ICA Group Wealth Management LLC purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $27,000. Operose Advisors LLC purchased a new stake in Dollar Tree during the third quarter valued at approximately $34,000. VitalStone Financial LLC purchased a new stake in Dollar Tree during the first quarter valued at approximately $34,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Dollar Tree during the fourth quarter valued at approximately $35,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on DLTR shares. Piper Sandler reduced their target price on shares of Dollar Tree from $171.00 to $168.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Guggenheim upped their target price on shares of Dollar Tree from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. TheStreet cut shares of Dollar Tree from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. Evercore ISI reduced their price objective on shares of Dollar Tree from $144.00 to $142.00 and set an “in-line” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dollar Tree from $144.00 to $152.00 and gave the stock an “overweight” rating in a research note on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.05.

Insider Activity

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

Dollar Tree Price Performance

DLTR stock opened at $123.75 on Thursday. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10. The company has a quick ratio of 0.22, a current ratio of 1.31 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $136.79 and a two-hundred day simple moving average of $128.26. The firm has a market capitalization of $26.98 billion, a P/E ratio of -26.79, a price-to-earnings-growth ratio of 1.18 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 for the quarter, missing the consensus estimate of $2.67 by ($0.12). Dollar Tree had a negative net margin of 3.26% and a positive return on equity of 15.11%. The firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same period in the prior year, the company posted $2.04 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. Analysts anticipate that Dollar Tree, Inc. will post 6.91 earnings per share for the current fiscal year.

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.