Scotia Capital Inc. Buys 11,180 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Scotia Capital Inc. boosted its position in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 24.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,154 shares of the company's stock after purchasing an additional 11,180 shares during the quarter. Scotia Capital Inc.'s holdings in Dollar Tree were worth $4,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp boosted its stake in Dollar Tree by 23.0% during the third quarter. Stifel Financial Corp now owns 117,648 shares of the company's stock valued at $8,273,000 after buying an additional 21,985 shares during the period. MML Investors Services LLC grew its holdings in shares of Dollar Tree by 14.2% during the third quarter. MML Investors Services LLC now owns 13,220 shares of the company's stock worth $930,000 after purchasing an additional 1,644 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Dollar Tree by 738.7% in the third quarter. Sunbelt Securities Inc. now owns 629 shares of the company's stock worth $44,000 after purchasing an additional 554 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Dollar Tree by 37.6% in the third quarter. Sanctuary Advisors LLC now owns 10,041 shares of the company's stock valued at $667,000 after purchasing an additional 2,745 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in Dollar Tree by 193.1% during the third quarter. Tidal Investments LLC now owns 20,130 shares of the company's stock valued at $1,416,000 after purchasing an additional 13,263 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

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Dollar Tree Stock Down 2.6 %

Shares of Dollar Tree stock traded down $1.91 during trading on Tuesday, hitting $71.80. The company's stock had a trading volume of 4,732,056 shares, compared to its average volume of 3,891,538. The company has a market capitalization of $15.44 billion, a PE ratio of -15.05, a P/E/G 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 52 week low of $60.49 and a 52 week high of $125.72. The company has a fifty day simple moving average of $70.85 and a two-hundred day simple moving average of $70.30.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.11 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 company had revenue of $5 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the firm earned $2.55 earnings per share. The business's revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share for the current year.

Insider Transactions at Dollar Tree

In other news, Director William W. Douglas III purchased 701 shares of the business'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 completion of the acquisition, the director now directly owns 1,377 shares in the company, valued at $103,275. This represents a 103.70 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.80% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $76.00 to $103.00 in a report on Monday, April 7th. JPMorgan Chase & Co. decreased their price target 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. Guggenheim lowered their price target on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating for the company in a report on Friday, March 28th. Loop Capital reaffirmed a "hold" rating on shares of Dollar Tree in a research report on Thursday, March 27th. Finally, Telsey Advisory Group lifted their price objective on Dollar Tree from $75.00 to $82.00 and gave the stock a "market perform" rating in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $81.84.

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.