Traders Buy Dollar Tree (DLTR) on Weakness

Traders bought shares of Dollar Tree, Inc. (NASDAQ:DLTR) on weakness during trading on Monday. $66.87 million flowed into the stock on the tick-up and $41.15 million flowed out of the stock on the tick-down, for a money net flow of $25.72 million into the stock. Of all stocks tracked, Dollar Tree had the 24th highest net in-flow for the day. Dollar Tree traded down ($0.61) for the day and closed at $107.96

A number of analysts recently issued reports on DLTR shares. Jefferies Group reissued a “hold” rating and set a $85.00 price objective on shares of Dollar Tree in a research report on Tuesday, October 31st. Zacks Investment Research raised Dollar Tree from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Wednesday, November 8th. JPMorgan Chase & Co. reissued a “buy” rating and set a $118.00 price objective on shares of Dollar Tree in a research report on Friday, November 3rd. Raymond James Financial set a $124.00 price objective on Dollar Tree and gave the stock a “buy” rating in a research report on Thursday, December 7th. Finally, BidaskClub downgraded Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. Eleven equities research 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 price target of $106.31.

The company has a market capitalization of $25,600.00, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.40 and a beta of 0.71. 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 announced its quarterly earnings data on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.11. The business had revenue of $5.32 billion during 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 quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. research analysts anticipate that Dollar Tree, Inc. will post 4.89 earnings per share for the current fiscal year.

In other news, CFO Kevin S. Wampler sold 12,559 shares of Dollar Tree stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $103.89, for a total value of $1,304,754.51. Following the completion of the transaction, the chief financial officer now owns 77,164 shares in the company, valued at approximately $8,016,567.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Bob Sasser sold 64,002 shares of Dollar Tree stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $99.74, for a total value of $6,383,559.48. 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 quarter. Company insiders own 2.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in DLTR. Macquarie Group Ltd. boosted its stake in shares of Dollar Tree by 184,411.9% in the 3rd quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock valued at $720,869,000 after buying an additional 8,298,537 shares during the period. DSM Capital Partners LLC boosted its stake in shares of Dollar Tree by 1,443,950.0% in the 3rd quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock valued at $105,314,000 after buying an additional 1,212,918 shares during the period. Mar Vista Investment Partners LLC purchased a new position in shares of Dollar Tree in the 3rd quarter valued at about $100,828,000. Russell Investments Group Ltd. boosted its stake in shares of Dollar Tree by 78.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,876,816 shares of the company’s stock valued at $162,931,000 after buying an additional 827,665 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Dollar Tree by 2,567.0% during the 4th quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock worth $63,911,000 after acquiring an additional 573,238 shares in the last quarter. Institutional investors and hedge funds own 91.50% of the company’s stock.

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About Dollar Tree

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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