CHURCHILL MANAGEMENT Corp Invests $2.63 Million in Dollar Tree, Inc. (NASDAQ:DLTR)

CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Dollar Tree, Inc. (NASDAQ:DLTR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,465 shares of the company’s stock, valued at approximately $2,625,000.

Other hedge funds have also added to or reduced their stakes in the company. Rockshelter Capital Management LLC acquired a new stake in Dollar Tree during the 2nd quarter valued at $5,850,000. Shell Asset Management Co. increased its holdings in Dollar Tree by 368.4% during the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock valued at $4,057,000 after purchasing an additional 56,906 shares in the last quarter. South Dakota Investment Council acquired a new stake in Dollar Tree during the 2nd quarter valued at $804,000. Korea Investment CORP increased its stake in shares of Dollar Tree by 170.4% in the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock valued at $4,904,000 after buying an additional 35,600 shares during the period. Finally, Wright Investors Service Inc. acquired a new stake in shares of Dollar Tree in the 3rd quarter valued at $501,000. 89.27% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on DLTR. Guggenheim reissued a “buy” rating on shares of Dollar Tree in a research note on Wednesday. Bank of America set a $130.00 price objective on Dollar Tree and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $138.00 price objective (up from $132.00) on shares of Dollar Tree in a research note on Tuesday, January 23rd. Oppenheimer started coverage on Dollar Tree in a research note on Tuesday, January 16th. They set an “outperform” rating and a $130.00 price objective for the company. Finally, Zacks Investment Research raised Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 price objective for the company in a research note on Tuesday, January 16th. 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. The company has an average rating of “Buy” and a consensus target price of $105.85.

Dollar Tree, Inc. (NASDAQ DLTR) traded down $5.04 during trading hours on Friday, hitting $108.83. The company had a trading volume of 2,143,417 shares, compared to its average volume of 1,720,000. The company has a current ratio of 1.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $24,660.00, a P/E ratio of 25.91, a P/E/G ratio of 1.48 and a beta of 0.71. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $116.65.

Dollar Tree (NASDAQ:DLTR) last released its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The business had revenue of $5.32 billion for 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%. Dollar Tree’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. research analysts anticipate that Dollar Tree, Inc. will post 4.88 EPS for the current year.

In other Dollar Tree news, Director Thomas A. Saunders sold 33,750 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the transaction, the director now owns 2,332,294 shares of the company’s stock, valued at $248,016,143.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas A. Saunders sold 12,440 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $108.15, for a total value of $1,345,386.00. Following the transaction, the director now directly owns 2,326,702 shares in the company, valued at approximately $251,632,821.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,132 shares of company stock worth $14,679,180. 4.10% of the stock is owned by company insiders.

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Dollar Tree 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.

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

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