Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 632.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,545 shares of the company’s stock after purchasing an additional 5,651 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Dollar Tree were worth $702,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of DLTR. Exane Derivatives acquired a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $104,000. Cerebellum GP LLC acquired a new stake in shares of Dollar Tree in the fourth quarter valued at approximately $127,000. FTB Advisors Inc. increased its stake in Dollar Tree by 249.2% during the fourth quarter. FTB Advisors Inc. now owns 1,390 shares of the company’s stock worth $149,000 after acquiring an additional 992 shares during the last quarter. First Personal Financial Services acquired a new stake in Dollar Tree during the fourth quarter worth $165,000. Finally, Integrated Investment Consultants LLC acquired a new stake in Dollar Tree during the third quarter worth $150,000. Institutional investors own 88.89% of the company’s stock.
In other Dollar Tree news, Chairman Bob Sasser sold 64,002 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $99.74, for a total transaction of $6,383,559.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider David A. Jacobs sold 9,192 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $99.80, for a total value of $917,361.60. Following the sale, the insider now owns 13,199 shares of the company’s stock, valued at $1,317,260.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,132 shares of company stock worth $14,679,180. Corporate insiders own 2.90% of the company’s stock.
Several research firms have issued reports on DLTR. BMO Capital Markets reissued a “hold” rating and set a $90.00 target price on shares of Dollar Tree in a research note on Thursday, November 2nd. MKM Partners lifted their price objective on Dollar Tree from $96.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, November 22nd. Zacks Investment Research cut Dollar Tree from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Royal Bank of Canada set a $92.00 price objective on Dollar Tree and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, KeyCorp reiterated a “buy” rating and issued a $98.00 target price on shares of Dollar Tree in a report on Friday, November 10th. Eleven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $106.31.
Shares of Dollar Tree, Inc. (DLTR) traded down $2.88 during trading hours on Tuesday, hitting $104.74. The stock had a trading volume of 5,204,100 shares, compared to its average volume of 2,028,279. The stock has a market cap of $24,830.00, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 1.40 and a beta of 0.71. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. Dollar Tree, Inc. has a fifty-two week low of $65.63 and a fifty-two week high of $116.65.
Dollar Tree (NASDAQ:DLTR) last posted 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. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the company earned $0.72 EPS. Dollar Tree’s revenue was up 6.3% on a year-over-year basis. sell-side analysts expect that Dollar Tree, Inc. will post 4.88 EPS for the current year.
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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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