CANADA LIFE ASSURANCE Co Buys 8,262 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

CANADA LIFE ASSURANCE Co lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 184,587 shares of the company's stock after buying an additional 8,262 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.09% of Dollar Tree worth $13,826,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. grew its holdings in shares of Dollar Tree by 74.1% during the fourth quarter. Assetmark Inc. now owns 350 shares of the company's stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Bessemer Group Inc. grew its stake in Dollar Tree by 34,600.0% during the 4th quarter. Bessemer Group Inc. now owns 347 shares of the company's stock worth $26,000 after buying an additional 346 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Dollar Tree in the fourth quarter worth $30,000. Parkside Financial Bank & Trust lifted its stake in Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after buying an additional 232 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Dollar Tree by 91.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after acquiring an additional 210 shares during the period. Institutional investors own 97.40% of the company's stock.

Dollar Tree Price Performance

NASDAQ:DLTR traded down $0.66 during mid-day trading on Friday, hitting $80.57. The company's stock had a trading volume of 3,133,446 shares, compared to its average volume of 3,986,166. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of -16.89, a P/E/G ratio of 2.16 and a beta of 0.87. 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 fifty-two week low of $60.49 and a fifty-two week high of $123.17. The stock has a fifty day moving average of $71.84 and a 200-day moving average of $70.78.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released 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 company 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%. The business's revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.55 earnings per share. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on DLTR shares. JPMorgan Chase & Co. dropped their price target on shares of Dollar Tree from $88.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Truist Financial set a $84.00 price target on Dollar Tree in a research report on Thursday, March 27th. UBS Group cut their price objective on shares of Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and increased their target price for the company from $76.00 to $103.00 in a research report on Monday, April 7th. Finally, Bank of America dropped their price target on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dollar Tree has an average rating of "Hold" and an average target price of $81.84.

Insider Activity

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $74.70, for a total transaction of $92,478.60. Following the transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This trade represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William W. Douglas III acquired 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $75.00 per share, for a total transaction of $52,575.00. Following the purchase, the director now directly owns 1,377 shares in the company, valued at $103,275. The trade was a 103.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by corporate 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.