CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,465 shares of the company’s stock, valued at approximately $2,625,000.
A number of other hedge funds have 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 in the last quarter. Sun Life Financial INC raised its stake in Dollar Tree by 17,100.0% during the second quarter. Sun Life Financial INC now owns 1,720 shares of the company’s stock valued at $120,000 after buying an additional 1,710 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in Dollar Tree during the third quarter valued at approximately $150,000. YorkBridge Wealth Partners LLC raised its stake in Dollar Tree by 2.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,877 shares of the company’s stock valued at $131,000 after buying an additional 36 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in Dollar Tree by 0.6% during the second quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock valued at $135,000 after buying an additional 12 shares in the last quarter. 89.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) opened at $112.90 on Friday. The company has a current ratio of 1.95, a quick ratio of 0.28 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 $115.89. The stock has a market capitalization of $26,744.49, a price-to-earnings ratio of 26.88, a P/E/G ratio of 1.76 and a beta of 0.63.
Dollar Tree (NASDAQ:DLTR) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period last year, the company earned $0.72 earnings per share. Dollar Tree’s quarterly revenue was up 6.3% compared to the same quarter last year. analysts predict that Dollar Tree, Inc. will post 4.87 EPS for the current year.
Several brokerages have issued reports on DLTR. Oppenheimer began coverage on Dollar Tree in a research note on Tuesday. They set an “outperform” rating and a $130.00 price objective on the stock. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 target price for the company in a report on Tuesday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $132.00 target price (up from $122.00) on shares of Dollar Tree in a report on Tuesday. Guggenheim assumed coverage on Dollar Tree in a report on Wednesday, January 10th. They set a “buy” rating and a $125.00 target price for the company. Finally, BidaskClub lowered Dollar Tree from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 14th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Dollar Tree has a consensus rating of “Buy” and a consensus target price of $105.04.
In other Dollar Tree news, Chairman Bob Sasser sold 64,002 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total transaction of $6,383,559.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mike R. Matacunas sold 2,975 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $104.82, for a total transaction of $311,839.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 293,132 shares of company stock valued at $28,348,680. 4.10% of the stock is owned by corporate insiders.
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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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