Burgundy Asset Management Ltd. Has $129.54 Million Position in Dollar Tree, Inc. (NASDAQ:DLTR)

Burgundy Asset Management Ltd. cut its holdings in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 9.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,728,618 shares of the company's stock after selling 189,828 shares during the quarter. Burgundy Asset Management Ltd. owned about 0.80% of Dollar Tree worth $129,543,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of DLTR. Assetmark Inc. boosted its position in Dollar Tree by 74.1% during the 4th quarter. Assetmark Inc. now owns 350 shares of the company's stock worth $26,000 after acquiring an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Dollar Tree by 20.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock worth $68,000 after purchasing an additional 157 shares during the last quarter. Checchi Capital Advisers LLC grew its position in Dollar Tree by 5.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock valued at $254,000 after purchasing an additional 180 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Dollar Tree by 91.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 440 shares of the company's stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in Dollar Tree by 3.4% in the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock valued at $508,000 after buying an additional 220 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Dollar Tree from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Sanford C. Bernstein set a $82.00 price target on Dollar Tree and gave the stock a "market perform" rating in a research report on Monday, May 5th. Loop Capital reiterated a "hold" rating on shares of Dollar Tree in a research note on Thursday, March 27th. Bank of America decreased their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup upgraded shares of Dollar Tree from a "neutral" rating to a "buy" rating and increased their price target for the company from $76.00 to $103.00 in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $83.37.

Dollar Tree Stock Performance

NASDAQ:DLTR traded down $0.53 during mid-day trading on Wednesday, reaching $89.84. 822,710 shares of the company's stock were exchanged, compared to its average volume of 4,307,646. Dollar Tree, Inc. has a one year low of $60.49 and a one year high of $121.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. The business's fifty day simple moving average is $79.18 and its two-hundred day simple moving average is $73.86. The firm has a market capitalization of $19.32 billion, a PE ratio of -18.82, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $2.11 earnings per share (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 business had revenue of $5 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the company earned $2.55 EPS. The business's revenue for the quarter was up .7% on a year-over-year basis. Analysts anticipate that Dollar Tree, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar Tree

In other news, CAO Aditya Maheshwari sold 1,238 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $74.70, for a total value of $92,478.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares in the company, valued at approximately $316,055.70. The trade was a 22.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William W. Douglas III acquired 701 shares of the stock in a transaction dated 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 purchase, the director now directly owns 1,377 shares of the company's stock, valued at $103,275. This trade represents a 103.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.60% of the company's stock.

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.