Bellwether Investment Group LLC bought a new position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,059 shares of the company’s stock, valued at approximately $257,000.
A number of other institutional investors have also recently made changes to their positions in DLTR. Rockshelter Capital Management LLC bought a new position in shares of Dollar Tree during the second quarter valued at approximately $5,850,000. Shell Asset Management Co. grew its holdings in shares of Dollar Tree by 368.4% during the third 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 during the last quarter. Korea Investment CORP grew its holdings in shares of Dollar Tree by 170.4% during the third quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock valued at $4,904,000 after purchasing an additional 35,600 shares during the last quarter. Wright Investors Service Inc. bought a new position in shares of Dollar Tree during the third quarter valued at approximately $501,000. Finally, British Airways Pensions Investment Management Ltd bought a new position in shares of Dollar Tree during the third quarter valued at approximately $34,022,000. 88.89% of the stock is owned by hedge funds and other institutional investors.
Dollar Tree, Inc. (NASDAQ DLTR) traded up $1.02 during midday trading on Wednesday, hitting $105.86. 276,614 shares of the stock were exchanged, compared to its average volume of 2,039,424. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $116.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. The firm has a market capitalization of $24,833.49, a P/E ratio of 25.20, a PEG ratio of 1.36 and a beta of 0.71.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the prior year, the business posted $0.72 earnings per share. Dollar Tree’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts anticipate that Dollar Tree, Inc. will post 4.88 EPS for the current fiscal year.
In related news, Chairman Bob Sasser sold 64,002 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total value of $6,383,559.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas A. Saunders sold 12,440 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $108.15, for a total transaction of $1,345,386.00. Following the completion of the sale, the director now owns 2,326,702 shares of the company’s stock, valued at $251,632,821.30. The disclosure for this sale can be found here. Insiders sold 143,132 shares of company stock worth $14,679,180 over the last ninety days. 2.90% of the stock is currently owned by company insiders.
Several research firms have recently commented on DLTR. Loop Capital upped their target price on 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. Guggenheim reiterated a “buy” rating on shares of Dollar Tree in a research report on Wednesday, January 31st. Bank of America boosted their price objective on Dollar Tree from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Co reiterated an “outperform” rating and set a $138.00 price objective (up from $132.00) on shares of Dollar Tree in a research report on Tuesday, January 23rd. Finally, Oppenheimer initiated coverage on Dollar Tree in a research report on Tuesday, January 16th. They set an “outperform” rating and a $130.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. Dollar Tree presently has an average rating of “Buy” and an average price target of $106.31.
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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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