Canoe Financial LP Sells 153,365 Shares of Dollar Tree, Inc. (NASDAQ:DLTR)

Canoe Financial LP reduced its stake in Dollar Tree, Inc. (NASDAQ:DLTR - Free Report) by 24.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 475,221 shares of the company's stock after selling 153,365 shares during the quarter. Canoe Financial LP owned 0.22% of Dollar Tree worth $35,675,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. lifted 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 buying an additional 149 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in Dollar Tree by 20.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 907 shares of the company's stock worth $68,000 after buying an additional 157 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in Dollar Tree by 5.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,390 shares of the company's stock worth $254,000 after buying an additional 180 shares in the last quarter. Metis Global Partners LLC lifted its position in Dollar Tree by 3.4% during the 4th quarter. Metis Global Partners LLC now owns 6,773 shares of the company's stock worth $508,000 after buying an additional 220 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Dollar Tree by 120.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 424 shares of the company's stock valued at $32,000 after buying an additional 232 shares in the last quarter. 97.40% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director William W. Douglas III purchased 701 shares of Dollar Tree stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average price of $75.00 per share, for a total transaction of $52,575.00. Following the transaction, the director now owns 1,377 shares of the company's stock, valued at approximately $103,275. The trade was a 103.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Aditya Maheshwari sold 1,238 shares of the 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 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. In the last 90 days, insiders have sold 22,441 shares of company stock worth $2,095,333. Corporate insiders own 6.60% of the company's stock.

Dollar Tree Stock Up 1.2%

Dollar Tree stock opened at $98.71 on Friday. Dollar Tree, Inc. has a twelve month low of $60.49 and a twelve month high of $109.36. The company's 50-day moving average price is $87.48 and its two-hundred day moving average price is $77.20. The stock has a market cap of $20.60 billion, a P/E ratio of -7.12, a P/E/G ratio of 2.71 and a beta of 0.84. The company has a quick ratio of 0.72, a current ratio of 1.04 and a debt-to-equity ratio of 0.62.

Dollar Tree (NASDAQ:DLTR - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. Dollar Tree had a negative net margin of 12.15% and a positive return on equity of 19.36%. The company had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same period last year, the firm earned $1.43 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts expect that Dollar Tree, Inc. will post 5.39 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on DLTR. Wells Fargo & Company set a $105.00 target price on shares of Dollar Tree and gave the company an "overweight" rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. raised shares of Dollar Tree from a "neutral" rating to an "overweight" rating and upped their target price for the company from $72.00 to $111.00 in a report on Thursday, June 5th. Bank of America dropped their target price on shares of Dollar Tree from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group cut shares of Dollar Tree from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, June 5th. Finally, Cfra Research upgraded Dollar Tree to a "hold" rating in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $90.26.

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.

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