Cibc World Markets Corp Purchases 5,717 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Cibc World Markets Corp boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,397 shares of the company's stock after acquiring an additional 5,717 shares during the quarter. Cibc World Markets Corp's holdings in Dollar Tree were worth $5,950,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLTR. Madison Investment Advisors LLC acquired a new position in shares of Dollar Tree during the fourth quarter worth $113,315,000. State Street Corp lifted its holdings in Dollar Tree by 6.8% during the 3rd quarter. State Street Corp now owns 9,427,910 shares of the company's stock worth $662,971,000 after buying an additional 596,191 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in Dollar Tree by 45.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,351,632 shares of the company's stock worth $95,994,000 after buying an additional 425,245 shares during the period. Natixis Advisors LLC grew its position in shares of Dollar Tree by 111.0% in the 4th quarter. Natixis Advisors LLC now owns 650,493 shares of the company's stock valued at $48,748,000 after buying an additional 342,196 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Dollar Tree in the fourth quarter valued at about $24,922,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DLTR has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Dollar Tree from $64.00 to $76.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Evercore ISI dropped their price target on shares of Dollar Tree from $94.00 to $92.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 3rd. Telsey Advisory Group reiterated a "market perform" rating and set a $75.00 price objective on shares of Dollar Tree in a research report on Thursday, March 6th. Piper Sandler restated a "neutral" rating and issued a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a report on Thursday, December 5th. Finally, UBS Group cut their target price on Dollar Tree from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $84.26.

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Dollar Tree Stock Up 4.5 %

DLTR stock traded up $2.99 during mid-day trading on Monday, reaching $69.74. 6,309,567 shares of the company traded hands, compared to its average volume of 3,387,224. The company has a quick ratio of 0.17, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The firm's 50 day moving average price is $71.15 and its 200 day moving average price is $70.12. The stock has a market cap of $14.99 billion, a price-to-earnings ratio of -14.62, a P/E/G ratio of 2.16 and a beta of 0.91. Dollar Tree, Inc. has a fifty-two week low of $60.49 and a fifty-two week high of $137.14.

About Dollar Tree

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.