Canoe Financial LP Sells 8,390 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Canoe Financial LP lessened its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 628,586 shares of the company's stock after selling 8,390 shares during the period. Canoe Financial LP owned about 0.29% of Dollar Tree worth $47,106,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Chemistry Wealth Management LLC lifted its position in Dollar Tree by 17.7% during the fourth quarter. Chemistry Wealth Management LLC now owns 7,366 shares of the company's stock valued at $552,000 after buying an additional 1,106 shares in the last quarter. Avanza Fonder AB acquired a new position in Dollar Tree in the 4th quarter worth $1,563,000. St. Louis Financial Planners Asset Management LLC acquired a new position in Dollar Tree in the 4th quarter worth $1,296,000. Assenagon Asset Management S.A. boosted its position in Dollar Tree by 1.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 706,838 shares of the company's stock valued at $52,970,000 after buying an additional 12,888 shares during the last quarter. Finally, Czech National Bank grew its stake in shares of Dollar Tree by 6.5% during the fourth quarter. Czech National Bank now owns 43,818 shares of the company's stock valued at $3,284,000 after acquiring an additional 2,659 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on DLTR shares. Truist Financial boosted their price target on Dollar Tree from $79.00 to $83.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Evercore ISI reduced their target price on Dollar Tree from $94.00 to $92.00 and set an "in-line" rating for the company in a research note on Tuesday, December 3rd. BMO Capital Markets raised their price target on shares of Dollar Tree from $65.00 to $70.00 and gave the stock a "market perform" rating in a research report on Thursday, December 5th. Sanford C. Bernstein began coverage on shares of Dollar Tree in a research note on Tuesday, October 22nd. They set a "market perform" rating and a $76.00 price objective on the stock. Finally, Piper Sandler reissued a "neutral" rating and issued a $72.00 target price (up previously from $67.00) on shares of Dollar Tree in a research report on Thursday, December 5th. Seventeen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar Tree presently has a consensus rating of "Hold" and a consensus target price of $85.58.

Dollar Tree Stock Up 1.4 %

DLTR traded up $0.99 on Friday, hitting $72.07. 2,257,079 shares of the company were exchanged, compared to its average volume of 2,500,781. The company has a market cap of $15.49 billion, a PE ratio of -15.11, a PEG ratio of 2.32 and a beta of 0.90. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The stock's fifty day moving average is $70.81 and its 200-day moving average is $79.01. 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 (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.05. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.45 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The company's revenue was up 3.5% on a year-over-year basis. Equities research analysts predict that Dollar Tree, Inc. will post 5.39 EPS for the current fiscal 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.