Alberta Investment Management Corp Has $7.01 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Alberta Investment Management Corp boosted its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 253.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,600 shares of the company's stock after buying an additional 67,100 shares during the quarter. Alberta Investment Management Corp's holdings in Dollar Tree were worth $7,014,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Alan B Lancz & Associates Inc. raised its position in Dollar Tree by 6.6% in the 3rd quarter. Alan B Lancz & Associates Inc. now owns 3,250 shares of the company's stock valued at $229,000 after purchasing an additional 200 shares during the last quarter. AM Squared Ltd raised its position in Dollar Tree by 12.5% in the 3rd 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. MassMutual Private Wealth & Trust FSB raised its position in Dollar Tree by 91.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. First Horizon Advisors Inc. raised its position in Dollar Tree by 105.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 553 shares of the company's stock valued at $39,000 after purchasing an additional 284 shares during the last quarter. Finally, Empowered Funds LLC raised its position in Dollar Tree by 8.4% in the 4th quarter. Empowered Funds LLC now owns 3,744 shares of the company's stock valued at $281,000 after purchasing an additional 291 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DLTR shares. BMO Capital Markets lifted their price objective on Dollar Tree from $65.00 to $70.00 and gave the company a "market perform" rating in a research report on Thursday, December 5th. KeyCorp downgraded Dollar Tree from an "overweight" rating to a "sector weight" rating in a report on Thursday, November 7th. StockNews.com upgraded Dollar Tree from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on Dollar Tree from $70.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group boosted their target price on Dollar Tree from $70.00 to $75.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $85.58.

Dollar Tree Stock Down 3.1 %

NASDAQ DLTR traded down $2.36 during trading hours on Friday, hitting $73.94. 2,481,082 shares of the company traded hands, compared to its average volume of 2,834,930. The business's 50-day moving average is $73.04 and its 200-day moving average is $73.94. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month 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 stock has a market capitalization of $15.90 billion, a price-to-earnings ratio of -15.55, a P/E/G ratio of 2.14 and a beta of 0.89.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The firm had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $7.45 billion. During the same period in the prior year, the firm posted $0.97 earnings per share. The business's quarterly revenue was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current 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.