Smithfield Trust Co. lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 199.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,096 shares of the company’s stock after acquiring an additional 3,397 shares during the quarter. Smithfield Trust Co.’s holdings in Dollar Tree were worth $443,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in shares of Dollar Tree by 8.4% in the 2nd quarter. Prudential Financial Inc. now owns 358,085 shares of the company’s stock worth $25,037,000 after acquiring an additional 27,672 shares during the last quarter. Rockshelter Capital Management LLC bought a new stake in shares of Dollar Tree in the 2nd quarter worth approximately $5,850,000. Shell Asset Management Co. lifted its holdings in shares of Dollar Tree by 368.4% in the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock worth $4,057,000 after acquiring an additional 56,906 shares during the last quarter. State Treasurer State of Michigan lifted its holdings in shares of Dollar Tree by 0.4% in the 2nd quarter. State Treasurer State of Michigan now owns 77,810 shares of the company’s stock worth $5,440,000 after acquiring an additional 300 shares during the last quarter. Finally, South Dakota Investment Council bought a new stake in shares of Dollar Tree in the 2nd quarter worth approximately $804,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.
In related news, Chairman Macon F. Brock, Jr. sold 150,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the sale, the chairman now directly owns 1,128,795 shares of the company’s stock, valued at approximately $102,867,088.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Jacobs sold 9,192 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $99.80, for a total transaction of $917,361.60. Following the sale, the insider now directly owns 13,199 shares in the company, valued at $1,317,260.20. The disclosure for this sale can be found here. Insiders sold a total of 260,641 shares of company stock worth $23,726,199 over the last ninety days. Insiders own 4.10% of the company’s stock.
A number of equities research analysts recently commented on the stock. Loop Capital reiterated a “buy” rating and set a $86.00 price target on shares of Dollar Tree in a report on Wednesday, August 9th. BTIG Research reiterated a “buy” rating and set a $98.00 price target on shares of Dollar Tree in a report on Wednesday, August 23rd. Sanford C. Bernstein upgraded shares of Dollar Tree from an “underperform” rating to a “market perform” rating and upped their price target for the company from $65.00 to $78.00 in a report on Monday, August 28th. They noted that the move was a valuation call. MKM Partners set a $96.00 price target on shares of Dollar Tree and gave the company a “hold” rating in a report on Monday, November 20th. Finally, Bank of America Corporation upped their price target on shares of Dollar Tree from $105.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Dollar Tree currently has an average rating of “Buy” and a consensus target price of $98.21.
Dollar Tree, Inc. (NASDAQ:DLTR) opened at $98.38 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.43. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $100.74. The company has a market cap of $23,655.12, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. sell-side analysts predict that Dollar Tree, Inc. will post 4.84 earnings per share for the current fiscal year.
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About Dollar Tree
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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