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

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP grew its holdings in shares of Dollar Tree by 784.2% during the 4th quarter. Marshall Wace LLP now owns 4,377,366 shares of the company's stock worth $328,040,000 after acquiring an additional 3,882,324 shares during the period. Norges Bank bought a new stake in shares of Dollar Tree in the 4th quarter worth approximately $171,149,000. Madison Investment Advisors LLC purchased a new stake in shares of Dollar Tree in the 4th quarter worth approximately $113,315,000. Primecap Management Co. CA grew its stake in shares of Dollar Tree by 31.3% in the 4th quarter. Primecap Management Co. CA now owns 3,978,425 shares of the company's stock worth $298,143,000 after buying an additional 947,580 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in Dollar Tree by 111.0% during 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 in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

DLTR has been the topic of a number of recent research reports. Loop Capital reissued a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Guggenheim cut their price objective on shares of Dollar Tree from $100.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Citigroup raised shares of Dollar Tree from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $103.00 in a report on Monday, April 7th. Wells Fargo & Company upped their target price on shares of Dollar Tree from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Finally, Bank of America decreased their price objective on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday, April 8th. One research 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 stock presently has a consensus rating of "Hold" and a consensus target price of $81.84.

Insider Activity

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

Dollar Tree Price Performance

Shares of DLTR stock traded down $0.66 on Friday, hitting $80.57. 3,136,482 shares of the stock traded hands, compared to its average volume of 3,995,046. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.17. Dollar Tree, Inc. has a 52 week low of $60.49 and a 52 week high of $123.17. The firm has a 50 day simple moving average of $71.96 and a two-hundred day simple moving average of $70.85. The firm has a market cap of $17.33 billion, a price-to-earnings ratio of -16.89, a PEG ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The business had revenue of $5 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter in the previous year, the firm earned $2.55 earnings per share. Dollar Tree's revenue was up .7% on a year-over-year basis. As a group, equities research analysts predict that Dollar Tree, Inc. will post 5.39 earnings per share 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.