APG Asset Management N.V. Increases Stock Position in Dollar Tree, Inc. (NASDAQ:DLTR)

APG Asset Management N.V. increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 211.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,441 shares of the company's stock after acquiring an additional 113,019 shares during the period. APG Asset Management N.V. owned approximately 0.08% of Dollar Tree worth $12,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC raised its holdings in Dollar Tree by 116.0% during the 4th quarter. Advisory Services Network LLC now owns 10,126 shares of the company's stock valued at $759,000 after buying an additional 5,438 shares during the period. Greenland Capital Management LP bought a new stake in shares of Dollar Tree in the 4th quarter worth about $2,722,000. Bank of Nova Scotia boosted its stake in shares of Dollar Tree by 649.2% during the 4th quarter. Bank of Nova Scotia now owns 174,989 shares of the company's stock worth $13,114,000 after purchasing an additional 151,631 shares during the period. Polymer Capital Management US LLC bought a new position in Dollar Tree during the 4th quarter valued at about $240,000. Finally, Quadrant Capital Group LLC raised its position in Dollar Tree by 69.1% in the 4th quarter. Quadrant Capital Group LLC now owns 2,124 shares of the company's stock worth $159,000 after purchasing an additional 868 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Dollar Tree news, Director William W. Douglas III bought 701 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now directly owns 1,377 shares of the company's stock, valued at approximately $103,275. This represents a 103.70 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.80% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company upped their target price on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. dropped their price objective on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a report on Thursday, March 27th. Guggenheim dropped their target price on Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, UBS Group cut their price target on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Dollar Tree currently has an average rating of "Hold" and a consensus price target of $81.84.

Dollar Tree Stock Performance

DLTR traded down $1.94 during midday trading on Tuesday, hitting $71.77. 3,265,723 shares of the company were exchanged, compared to its average volume of 3,884,800. The firm has a market capitalization of $15.44 billion, a price-to-earnings ratio of -15.05, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The company's 50 day simple moving average is $70.85 and its 200 day simple moving average is $70.30. The company has a current ratio of 1.03, a quick ratio of 0.17 and a debt-to-equity ratio of 0.32. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $128.00.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $5 billion for the quarter, compared to analysts' expectations of $8.23 billion. During the same period last year, the company posted $2.55 earnings per share. The business's quarterly revenue was up .7% on a year-over-year basis. As a group, sell-side 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.