Dollar Tree, Inc. (NASDAQ:DLTR) Position Lowered by Canoe Financial LP

Canoe Financial LP reduced its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 1.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 628,586 shares of the company’s stock after selling 8,390 shares during the period. Canoe Financial LP’s holdings in Dollar Tree were worth $47,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Dollar Tree by 35.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 657 shares of the company’s stock worth $69,000 after acquiring an additional 171 shares in the last quarter. Alan B Lancz & Associates Inc. boosted its holdings in Dollar Tree by 6.6% in the third quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company’s stock worth $229,000 after purchasing an additional 200 shares during the period. AM Squared Ltd increased its stake in Dollar Tree by 12.5% during the third quarter. AM Squared Ltd now owns 1,800 shares of the company’s stock valued at $127,000 after purchasing an additional 200 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Dollar Tree by 1.6% during the second quarter. Federated Hermes Inc. now owns 13,367 shares of the company’s stock worth $1,427,000 after purchasing an additional 209 shares during the period. Finally, McGinn Penninger Investment Management Inc. lifted its position in shares of Dollar Tree by 0.5% in the 2nd quarter. McGinn Penninger Investment Management Inc. now owns 45,503 shares of the company’s stock worth $4,858,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DLTR. Guggenheim lowered their price objective on shares of Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, December 6th. Loop Capital upped their target price on Dollar Tree from $65.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Jefferies Financial Group raised their price target on Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. KeyCorp downgraded Dollar Tree from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets increased their target price on Dollar Tree from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, December 5th. Seventeen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $85.58.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $72.07 on Friday. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $151.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The business has a fifty day simple moving average of $70.60 and a 200-day simple moving average of $79.45.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.45 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. Research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.