Mackenzie Financial Corp raised its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 47.2% in the 4th quarter, Holdings Channel reports. The fund owned 5,158 shares of the company’s stock after acquiring an additional 1,654 shares during the quarter. Mackenzie Financial Corp’s holdings in Dollar Tree were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Exane Derivatives purchased a new stake in Dollar Tree during the 4th quarter valued at approximately $104,000. Cerebellum GP LLC purchased a new stake in Dollar Tree during the 4th quarter valued at approximately $127,000. FTB Advisors Inc. raised its stake in Dollar Tree by 249.2% during the 4th quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock valued at $149,000 after acquiring an additional 992 shares during the last quarter. First Personal Financial Services purchased a new stake in Dollar Tree during the 4th quarter valued at approximately $165,000. Finally, Zions Bancorporation increased its position in Dollar Tree by 6,912.9% during the 3rd quarter. Zions Bancorporation now owns 2,174 shares of the company’s stock worth $189,000 after purchasing an additional 2,143 shares during the period. 90.97% of the stock is owned by hedge funds and other institutional investors.
DLTR has been the topic of several recent analyst reports. MKM Partners set a $96.00 target price on Dollar Tree and gave the stock a “hold” rating in a research report on Monday, November 20th. Moffett Nathanson initiated coverage on Dollar Tree in a research report on Monday, December 4th. They set a “buy” rating on the stock. Royal Bank of Canada reiterated a “top pick” rating and set a $111.00 target price (up previously from $102.00) on shares of Dollar Tree in a research report on Wednesday, November 22nd. BidaskClub cut Dollar Tree from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, Loop Capital reiterated a “hold” rating and set a $92.00 target price (down previously from $100.00) on shares of Dollar Tree in a research report on Wednesday, March 7th. Twelve investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Dollar Tree has an average rating of “Buy” and an average price target of $105.38.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings results on Wednesday, March 7th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.39 billion. Dollar Tree had a return on equity of 18.68% and a net margin of 7.71%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. analysts expect that Dollar Tree, Inc. will post 5.65 earnings per share for the current year.
In related news, Director Conrad M. Hall bought 10,000 shares of the stock in a transaction on Friday, March 9th. The shares were purchased at an average price of $91.83 per share, for a total transaction of $918,300.00. Following the acquisition, the director now owns 799 shares in the company, valued at $73,372.17. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.
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Dollar Tree Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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