Dollar Tree, Inc. (NASDAQ:DLTR) Stock Position Increased by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. raised its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,940,163 shares of the company's stock after buying an additional 1,000,637 shares during the quarter. Dollar Tree comprises about 4.7% of EdgePoint Investment Group Inc.'s holdings, making the stock its 8th largest position. EdgePoint Investment Group Inc. owned 3.69% of Dollar Tree worth $595,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Dollar Tree by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 23,450,228 shares of the company's stock worth $1,757,360,000 after purchasing an additional 163,368 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Dollar Tree by 5.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,920,748 shares of the company's stock worth $743,461,000 after purchasing an additional 533,920 shares in the last quarter. Capital International Investors boosted its holdings in shares of Dollar Tree by 30.1% in the 4th quarter. Capital International Investors now owns 8,753,693 shares of the company's stock worth $656,000,000 after purchasing an additional 2,023,819 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Dollar Tree by 382.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,524,870 shares of the company's stock worth $488,974,000 after purchasing an additional 5,173,238 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Dollar Tree by 4.5% in the 4th quarter. Geode Capital Management LLC now owns 5,109,852 shares of the company's stock worth $381,964,000 after purchasing an additional 222,352 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar Tree

In other Dollar Tree news, CAO Aditya Maheshwari sold 1,238 shares of the company's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 4,231 shares in the company, valued at approximately $316,055.70. This represents a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William W. Douglas III bought 701 shares of Dollar Tree stock in a transaction on 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 acquisition, the director now directly owns 1,377 shares in the company, valued at approximately $103,275. This trade represents a 103.70% increase in their position. The disclosure for this purchase can be found here. 6.80% of the stock is currently owned by corporate insiders.

Dollar Tree Trading Up 0.2%

DLTR traded up $0.13 during midday trading on Friday, reaching $85.51. 2,108,004 shares of the company's stock traded hands, compared to its average volume of 4,037,542. The firm has a fifty day moving average of $73.91 and a two-hundred day moving average of $71.97. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of -17.93, 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 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.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last released 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). The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $8.23 billion. Dollar Tree had a negative net margin of 3.34% and a positive return on equity of 16.89%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $2.55 EPS. On average, equities analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DLTR has been the subject of a number of research reports. Truist Financial upped their price objective on Dollar Tree from $84.00 to $89.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Sanford C. Bernstein set a $82.00 price objective on Dollar Tree and gave the stock a "market perform" rating in a report on Monday, May 5th. Guggenheim reiterated a "buy" rating and issued a $100.00 price objective (up from $95.00) on shares of Dollar Tree in a report on Monday, May 5th. Citigroup raised Dollar Tree from a "neutral" rating to a "buy" rating and boosted their target price for the company from $76.00 to $103.00 in a research note on Monday, April 7th. Finally, Bank of America lowered their target price on Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $82.68.

Dollar Tree 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.