Gamble Jones Investment Counsel lowered its position in Dollar Tree, Inc. (NASDAQ:DLTR) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,987 shares of the company’s stock after selling 4,159 shares during the period. Dollar Tree comprises approximately 0.8% of Gamble Jones Investment Counsel’s holdings, making the stock its 28th largest position. Gamble Jones Investment Counsel’s holdings in Dollar Tree were worth $8,154,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Exane Derivatives purchased a new position in shares of Dollar Tree during the 4th quarter worth approximately $104,000. Cerebellum GP LLC purchased a new stake in Dollar Tree in the 4th quarter worth approximately $127,000. Advisory Services Network LLC grew its stake in Dollar Tree by 0.6% in the 2nd quarter. Advisory Services Network LLC now owns 1,924 shares of the company’s stock worth $135,000 after acquiring an additional 12 shares during the period. FTB Advisors Inc. grew its stake in Dollar Tree by 249.2% in the 4th 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 period. Finally, Integrated Investment Consultants LLC purchased a new stake in Dollar Tree in the 3rd quarter worth approximately $150,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.
Shares of Dollar Tree, Inc. (NASDAQ DLTR) traded up $0.10 during mid-day trading on Wednesday, reaching $104.84. 2,483,000 shares of the company’s stock were exchanged, compared to its average volume of 2,064,703. 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 current ratio of 1.95 and a quick ratio of 0.28. The firm has a market cap of $25,180.00, a price-to-earnings ratio of 25.29, a P/E/G ratio of 1.36 and a beta of 0.71.
Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. research analysts predict that Dollar Tree, Inc. will post 4.88 EPS for the current fiscal year.
In other news, insider Mike R. Matacunas sold 2,975 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $104.82, for a total value of $311,839.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas A. Saunders sold 12,440 shares of the business’s stock in a transaction dated 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 directly owns 2,326,702 shares of the company’s stock, valued at approximately $251,632,821.30. The disclosure for this sale can be found here. Insiders sold a total of 143,132 shares of company stock valued at $14,679,180 in the last three months. Insiders own 2.90% of the company’s stock.
DLTR has been the subject of several recent analyst reports. Buckingham Research lifted their target price on shares of Dollar Tree from $93.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. UBS Group reissued a “buy” rating and set a $106.00 price objective (up from $100.00) on shares of Dollar Tree in a research note on Tuesday, November 14th. Goldman Sachs Group began coverage on shares of Dollar Tree in a research note on Tuesday, November 14th. They set a “buy” rating and a $106.00 price objective for the company. KeyCorp reissued a “buy” rating and set a $98.00 price objective on shares of Dollar Tree in a research note on Friday, November 10th. Finally, Zacks Investment Research raised shares of Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Wednesday, November 8th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price 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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