Oppenheimer Asset Management Inc. increased its stake in Dollar Tree, Inc. (NASDAQ:DLTR) by 10.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,302 shares of the company’s stock after acquiring an additional 4,691 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Dollar Tree were worth $4,367,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC grew its position in 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 in the last quarter. Sun Life Financial INC grew its position in 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 in the last quarter. Integrated Investment Consultants LLC purchased a new position in Dollar Tree in the third quarter worth about $150,000. YorkBridge Wealth Partners LLC grew its position in 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 in the last quarter. Finally, Advisory Services Network LLC grew its position in 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 in the last quarter. Institutional investors own 89.81% of the company’s stock.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at $108.67 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 1.95. Dollar Tree, Inc. has a 12 month low of $65.63 and a 12 month high of $108.90. The firm has a market cap of $25,442.82, a P/E ratio of 24.56, a PEG ratio of 1.68 and a beta of 0.64.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, beating 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 firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. sell-side analysts expect that Dollar Tree, Inc. will post 4.85 EPS for the current fiscal year.
In other news, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $91.50, for a total transaction of $136,060.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gary M. Philbin sold 2,795 shares of Dollar Tree stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $84.50, for a total transaction of $236,177.50. Following the sale, the insider now directly owns 34,532 shares of the company’s stock, valued at approximately $2,917,954. The disclosure for this sale can be found here. Insiders have sold 394,581 shares of company stock valued at $37,488,017 in the last ninety days. Insiders own 4.10% of the company’s stock.
DLTR has been the subject of several recent research reports. Cleveland Research upgraded Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Wednesday, October 11th. Raymond James Financial dropped coverage on Dollar Tree in a research report on Saturday, August 26th. Royal Bank Of Canada set a $92.00 price target on Dollar Tree and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group assumed coverage on shares of Dollar Tree in a research note on Tuesday, November 14th. They issued a “buy” rating and a $106.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $101.13.
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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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