SG Americas Securities LLC increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 19.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,524 shares of the company’s stock after acquiring an additional 1,528 shares during the quarter. SG Americas Securities LLC’s holdings in Dollar Tree were worth $827,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of DLTR. BlueMountain Capital Management LLC lifted its stake in shares of Dollar Tree by 119.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,518 shares of the company’s stock worth $106,000 after acquiring an additional 825 shares during the period. Sun Life Financial INC lifted its stake in shares of Dollar Tree by 17,100.0% in the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock worth $120,000 after acquiring an additional 1,710 shares during the period. YorkBridge Wealth Partners LLC lifted its stake in shares of Dollar Tree by 2.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock worth $131,000 after acquiring an additional 36 shares during the period. Advisory Services Network LLC lifted its stake in shares of Dollar Tree by 0.6% in the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after acquiring an additional 12 shares during the period. Finally, Integrated Investment Consultants LLC acquired a new position in shares of Dollar Tree in the third quarter worth approximately $150,000. 89.81% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on the company. Moffett Nathanson assumed coverage on Dollar Tree in a research note on Monday. They issued a “buy” rating on the stock. Bank of America lifted their price objective on Dollar Tree from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Telsey Advisory Group lifted their price objective on Dollar Tree from $101.00 to $108.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $111.00 price objective (up from $102.00) on shares of Dollar Tree in a research note on Wednesday, November 22nd. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $115.00 price objective (up from $98.00) on shares of Dollar Tree in a research note on Wednesday, November 22nd. Eleven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $99.92.
In other news, Chairman Macon F. Brock, Jr. sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $91.13, for a total transaction of $13,669,500.00. Following the completion of the sale, the chairman now owns 1,128,795 shares in the company, valued at $102,867,088.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gary M. Philbin sold 2,795 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total value of $236,177.50. Following the sale, the insider now owns 34,532 shares of the company’s stock, valued at approximately $2,917,954. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 382,141 shares of company stock valued at $36,142,631. Corporate insiders own 2.90% of the company’s stock.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at $106.37 on Tuesday. The firm has a market capitalization of $25,220.00, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.62 and a beta of 0.64. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $107.11.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. equities analysts anticipate that Dollar Tree, Inc. will post 4.84 EPS for the current 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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