GSA Capital Partners LLP Has $273,000 Position in Dollar Tree, Inc. (DLTR)

GSA Capital Partners LLP lowered its stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 90.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,150 shares of the company’s stock after selling 30,867 shares during the quarter. GSA Capital Partners LLP’s holdings in Dollar Tree were worth $273,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DLTR. Engineers Gate Manager LP boosted its position in Dollar Tree by 17.6% during the 2nd quarter. Engineers Gate Manager LP now owns 20,656 shares of the company’s stock valued at $1,444,000 after purchasing an additional 3,086 shares during the period. Eaton Vance Management raised its stake in Dollar Tree by 3.3% during the 2nd quarter. Eaton Vance Management now owns 153,278 shares of the company’s stock valued at $10,717,000 after acquiring an additional 4,830 shares in the last quarter. South Dakota Investment Council bought a new stake in Dollar Tree during the 2nd quarter valued at $804,000. AXA raised its stake in Dollar Tree by 3.2% during the 2nd quarter. AXA now owns 9,799 shares of the company’s stock valued at $685,000 after acquiring an additional 300 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in Dollar Tree by 8.3% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 57,572 shares of the company’s stock valued at $4,025,000 after acquiring an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 89.73% of the company’s stock.

Dollar Tree, Inc. (NASDAQ DLTR) opened at $109.63 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.95 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $25,990.00, a price-to-earnings ratio of 26.10, a P/E/G ratio of 1.74 and a beta of 0.63. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $111.63.

Dollar Tree (NASDAQ:DLTR) last issued its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $0.72 EPS. analysts anticipate that Dollar Tree, Inc. will post 4.85 earnings per share for the current fiscal year.

Several brokerages have weighed in on DLTR. Guggenheim began coverage on Dollar Tree in a research note on Wednesday. They set a “buy” rating on the stock. Zacks Investment Research downgraded Dollar Tree from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub downgraded Dollar Tree from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Raymond James Financial set a $124.00 target price on Dollar Tree and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, Moffett Nathanson began coverage on Dollar Tree in a research note on Monday, December 4th. They set a “buy” rating on the stock. Twelve investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Dollar Tree presently has an average rating of “Buy” and a consensus price target of $101.79.

In related news, Chairman Macon F. Brock, Jr. sold 63,000 shares of Dollar Tree stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.04, for a total value of $5,735,520.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William A. Old, Jr. sold 1,487 shares of Dollar Tree stock in a transaction on Friday, October 13th. The stock was sold at an average price of $91.50, for a total value of $136,060.50. The disclosure for this sale can be found here. Insiders sold a total of 357,619 shares of company stock worth $34,220,260 over the last 90 days. Insiders own 2.90% of the company’s stock.

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Dollar Tree Company 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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Institutional Ownership by Quarter for Dollar Tree (NASDAQ:DLTR)

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