Natixis Advisors L.P. Raises Stock Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

Natixis Advisors L.P. lifted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,042 shares of the company’s stock after buying an additional 16,699 shares during the quarter. Natixis Advisors L.P.’s holdings in Dollar Tree were worth $11,653,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Horrell Capital Management Inc. raised its position in Dollar Tree by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $4,151,000 after acquiring an additional 94 shares during the period. Independence Bank of Kentucky raised its position in shares of Dollar Tree by 15.0% during the 4th quarter. Independence Bank of Kentucky now owns 759 shares of the company’s stock worth $108,000 after purchasing an additional 99 shares during the last quarter. 1ST Source Bank boosted its holdings in Dollar Tree by 4.6% in the 3rd quarter. 1ST Source Bank now owns 2,396 shares of the company’s stock worth $255,000 after buying an additional 106 shares during the last quarter. Desjardins Global Asset Management Inc. increased its stake in Dollar Tree by 9.3% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,355 shares of the company’s stock worth $192,000 after buying an additional 115 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Dollar Tree by 3.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,021 shares of the company’s stock valued at $571,000 after acquiring an additional 146 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Dollar Tree in a research note on Thursday, March 14th. Gordon Haskett cut shares of Dollar Tree from a “buy” rating to a “hold” rating and reduced their target price for the company from $150.00 to $140.00 in a research report on Wednesday, April 3rd. Loop Capital cut their target price on Dollar Tree from $195.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Evercore ISI decreased their price target on Dollar Tree from $144.00 to $142.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 16th. Finally, Jefferies Financial Group cut their price objective on Dollar Tree from $130.00 to $128.00 in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $150.05.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $121.67 on Wednesday. Dollar Tree, Inc. has a 52 week low of $102.77 and a 52 week high of $161.10. The company has a fifty day simple moving average of $130.46 and a two-hundred day simple moving average of $129.65. 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 market cap of $26.52 billion, a price-to-earnings ratio of -26.34, a price-to-earnings-growth ratio of 1.14 and a beta of 0.92.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, March 13th. The company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.12). The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.66 billion. Dollar Tree had a positive return on equity of 15.11% and a negative net margin of 3.26%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.04 earnings per share. As a group, equities analysts anticipate that Dollar Tree, Inc. will post 6.92 earnings per share for the current fiscal year.

About Dollar Tree

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.