Dollar Tree, Inc. (NASDAQ:DLTR) Shares Acquired by Bank of Nova Scotia

Bank of Nova Scotia increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 649.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,989 shares of the company's stock after acquiring an additional 151,631 shares during the period. Bank of Nova Scotia owned approximately 0.08% of Dollar Tree worth $13,114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assetmark Inc. raised its position in Dollar Tree by 74.1% in the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Versant Capital Management Inc purchased a new position in Dollar Tree in the fourth quarter worth approximately $30,000. Parkside Financial Bank & Trust grew its holdings in Dollar Tree by 120.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock worth $32,000 after acquiring an additional 232 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Dollar Tree by 91.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Finally, Hurley Capital LLC purchased a new stake in shares of Dollar Tree in the 4th quarter valued at approximately $33,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLTR has been the subject of several analyst reports. UBS Group lowered their price objective on Dollar Tree from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Evercore ISI upped their target price on shares of Dollar Tree from $79.00 to $85.00 and gave the company an "in-line" rating in a report on Thursday, March 27th. Guggenheim lowered their target price on Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. cut their price target on Dollar Tree from $88.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, Truist Financial set a $84.00 price objective on shares of Dollar Tree in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $81.84.

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Dollar Tree Trading Down 2.6 %

NASDAQ DLTR traded down $1.94 during mid-day trading on Tuesday, reaching $71.77. 3,265,723 shares of the stock were exchanged, compared to its average volume of 3,884,799. The stock has a market capitalization of $15.44 billion, a PE ratio of -15.05, a PEG ratio of 2.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree, Inc. has a 1-year low of $60.49 and a 1-year high of $128.00. The business's fifty day simple moving average is $70.85 and its 200 day simple moving average is $70.30.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. Dollar Tree's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $2.55 EPS. On average, research analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other news, Director William W. Douglas III acquired 701 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the acquisition, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This represents a 103.70 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 6.80% of the stock is owned by company insiders.

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.