SG Americas Securities LLC Raises Holdings in Dollar Tree, Inc. (NASDAQ:DLTR)

SG Americas Securities LLC lifted its holdings in Dollar Tree, Inc. (NASDAQ:DLTR) by 348.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,683 shares of the company’s stock after purchasing an additional 33,159 shares during the quarter. SG Americas Securities LLC’s holdings in Dollar Tree were worth $4,580,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Horrell Capital Management Inc. grew its stake in shares of Dollar Tree by 2.0% in the fourth quarter. Horrell Capital Management Inc. now owns 28,641 shares of the company’s stock valued at $3,073,000 after acquiring an additional 571 shares in the last quarter. Prospera Financial Services Inc grew its stake in shares of Dollar Tree by 41.2% in the fourth quarter. Prospera Financial Services Inc now owns 4,129 shares of the company’s stock valued at $448,000 after acquiring an additional 1,204 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Dollar Tree in the fourth quarter valued at about $127,000. Strs Ohio grew its stake in shares of Dollar Tree by 2,000.9% in the fourth quarter. Strs Ohio now owns 204,392 shares of the company’s stock valued at $21,933,000 after acquiring an additional 194,663 shares in the last quarter. Finally, Personal Capital Advisors Corp grew its stake in Dollar Tree by 6.3% during the fourth quarter. Personal Capital Advisors Corp now owns 209,249 shares of the company’s stock worth $22,455,000 after buying an additional 12,332 shares in the last quarter. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

Dollar Tree, Inc. (DLTR) opened at $104.74 on Tuesday. The firm has a market capitalization of $24,830.00, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 1.40 and a beta of 0.71. Dollar Tree, Inc. has a 52 week low of $65.63 and a 52 week high of $116.65. 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 (NASDAQ:DLTR) last released its earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. The company 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 business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS. equities research analysts anticipate that Dollar Tree, Inc. will post 4.88 earnings per share for the current year.

A number of equities research analysts have issued reports on the stock. Guggenheim reiterated a “buy” rating on shares of Dollar Tree in a report on Wednesday, January 31st. Loop Capital raised their price objective on shares of Dollar Tree from $94.00 to $100.00 and gave the company a “hold” rating in a report on Monday. They noted that the move was a valuation call. Bank of America raised their price objective on shares of Dollar Tree from $120.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research lowered shares of Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, MKM Partners raised their price objective on shares of Dollar Tree from $96.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, November 22nd. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $106.31.

In related news, COO Michael A. Witynski sold 4,644 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $102.04, for a total value of $473,873.76. Following the sale, the chief operating officer now directly owns 12,381 shares in the company, valued at approximately $1,263,357.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas A. Saunders sold 12,440 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $108.15, for a total value of $1,345,386.00. Following the completion of the sale, the director now owns 2,326,702 shares in the company, valued at $251,632,821.30. The disclosure for this sale can be found here. Insiders have sold a total of 143,132 shares of company stock worth $14,679,180 over the last quarter. Company 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.

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

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